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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 (860)	5/16/2004 10:19:49 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, This week's Barron's had an article by Prechter and one of his people arguing that we are about to enter a period of severe deflation that will take PMs down with it. I can't help but agree with him that the situation today is different but I hope he is wrong. He was when I was a subscriber in 87 when he told subscribers to buy just after the initial drop below the peak. There were additional articles warning of inflation, something Greenscam doesn't want to see. Yet he knows that we must inflate to handle our growing debt. Lease rates appear to have come bact up a little but they aren't telling me anything or, at least, I can't read anything into them. The GMI/POG ratio: On 05/13, the Barron's GMI was 518.90, down from the previous week's 531.61. With the POG also down at 376.50(05/14), the ratio was at 1.38. The ratio continues in the middle range where it doesn't suggest a rise or drop in the POG. The ratio a year ago was 1.32. Larry