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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 (888)	11/12/2004 11:35:48 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Wade, et al, I don't recall seeing anything in Barron's this past week that would be of significant interest. Lease rates continued the pattern that suggests that leased gold is no longer being sold to hold the price down. It appears to me that CBs just aren't flooding the markets with gold to lease as they have for the past couple of years; the low rates suggest that they haven't pulled back significantly. Could it be that they believe the price will rise and they want to hold on to what they have? The GMI/POG ratio for the past week: On 11/04, the Barron's GMI was 675.26, up from the week's before last 647.92. With the POG up at 431.00(11/05), the ratio up down to 1.57. 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 1.70. Larry