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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 (846)	3/21/2004 1:36:54 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, It looks like I missed two weeks this time and I can only cover this week's and the one before. Sorry, but Netscape did me in. I tried to upgrade to 7.1 and the mess it created has apparently distracted me. I don't recall anything in Barron's of particular interest the past weeks but this week there is a interview with Richard Russell. He says the bear rally is over and the bear will continue, PMs being the exception. He mentions gold getting to $1000 before it is over. Not something to read near bed time. It appears that Sinclair's timing was right on and that gold is resuming its climb. We will see. Lease rates are off their lows but they aren't telling me anything. The GMI/POG ratio: On 03/11, the Barron's GMI was 649.36, down from the previous 665.36. With the POG also up at 398.00 (03/12) the ratio was down slightly at 1.63. On 03/18, the Barron's GMI was 658.24, up from the previous 649.36. With the POG also up significantly at 412.00(03/19), the ratio was down slightly at 1.60. The ratio a year ago was 1.21. Larry