Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan P who wrote (785)	11/2/2003 10:49:40 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, Yes, they are moving up. I agree that we need to be cautious but the Kaeppel data that is the basis for my posting the GMI/POG ratio suggests we don't need to worry until it gets to 191 or higher. On this basis we still have a way to go. I didn't find anything concerning PM of interest in Barron's this week. Lease rates continue to be interesting but erratic. The rates still seem to jump up when the POG was driven down suggesting that leased gold being used to cap the price. But the we continue to have days when the rates don't support this theory and it is not clear what time of day that Kitco posts represent. The GMI/POG ratio: On 10/30, the Barron's GMI was at 642.82 (12-month high), up from the previous week's 630.74. With the POG down at 386.25 (10/31) the ratio was up a little at 1.66. The ratio a years ago was 1.17. Larry