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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (742)	8/10/2003 9:29:37 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, I thought I responded to your post during the past week but I guess not. In any event, I wanted to suggest that the primary reason for the move in interest rates was tbe Greenman's comments that the FED wasn't, after all, likely to be buying long bonds to hold down rates. So the bubble he had previously created, burst. If I'm right, rates won't continue to rise. We will see. I didn't see anything of direct significance to PMs in Barron's this week. But there was a lot about bonds and the stock markets, mostly bullish. However, Abelson points out that insider selling is at record level. Lease rates continued to support my view that BBs are leasing gold to sell into the market to suppress the price. However, as I said last week, this does not make sense as it seems to be a losing effort. The GMI/POG ratio: On 08/07, the Barron's GMI was at 542.64, up from the previous week's 532.39. With the POG also up at 353.95(08/08), the ratio was essentially unchanged at 1.53. A year ago the ratio was 1.18. Cheers, Larry