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

To: Larry S. who wrote (779)	10/6/2003 7:38:58 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, There was nothing in Barron's this week that was directly related to PMs. The moves in the lease rates are interesting. Sinclair argues, in an Editorial today, that the recent fall in the POG was not do to manipulation. I would suggest that the move in lease rates supports his view. This morning's report of lease rates showed a significant jump (one-year rate jumped to 0.44 %) which means that supplies increased and leasing was minimal. The GMI/POG ratio: On 10/02, the Barron's GMI was at 612.18, up from the previous week's 603.44. With the POG up at 384.25 (10/03) the ratio was essentially unchanged at 1.59. Note that the POG in the price reported in Barron's. It is note clear why is doesn't reflect the major drop that occurred on 10/03. A year ago the ratio was 1.21. Cheers, Larry