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

To: Wade who wrote (934)	7/27/2005 11:06:54 AM
From: Larry S.	Read Replies (1) \| Respond to of 972

Wade & Dan et al, Very interesting charts Wade. The seasonal charts agree with views of many of the Guru's that I read though none have mentioned the seasonal bit. However, there are so many factors impacting the markets at the moment that I'm not sure what to believe. Mauldin wrote a piece recently arguing that the broad markets would hold up through mid 2006 and, while we would have slow down subsequently, it wouldn't be deep. Others see a serious slow down starting as early as the 4th quarter of this year. It bothers me that essentially all of them see gold making major move up starting no later than mid 2006. I'm bothered by the ALL. It is also interesting that Mr. COPPER is still bullish on the economy, consistent with the last projection from Barron's that I mentioned previously. I haven't been doing a very good job recently of recording the latest in Barron's and I don't have time to go back a check; so I will let it go. We have had our Grandchildren visiting since the end of June; so I had more important things to do. I did notice that lease rates have reacted recently as though leased gold is again (or still) being used to hold down the price. It may be part of the desired to hold down inflation expectations. The Green man, in his testimony last week spoke confidentially about how it is under control. He also said that the FED is acting as though we are on a gold standard and therefore the fiat currency was not a problem and that the CPI over states the increased cost of living. He probably believes in the tooth fairy. I will get on with posting the Barron's GMI info for the past three weeks The GMI/POG ratio: On 7/07, the Barron's GMI was 632.29 down from the previous week's 635.91. With the POG down at 424.30 (7/08), the ratio was up at 1.49. On 7/14, the Barron's GMI was 635.26 up from the previous week's 632.29. With the POG down at 418.35 (7/15), the ratio was up at 1.52. On 7/21, the Barron's GMI was 644.93 up from the previous week's 635.26. With the POG also up at 425.00 (7/22), the ratio was held at 1.52. The ratio has been holding in the middle range where it doesn't suggest strongly a rise or drop in the POG or stocks. It is clear that there is little speculation behind the price of stocks at this time. Larry