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

To: Richard Mazzarella who wrote (221)	8/9/1998 2:06:00 PM
From: Larry S.	Respond to of 972

Richard, Barron's GMI was 337.52 on 8/06, down from 348.35 last week. With the POG down slightly at 285.70 (8/07) the ratio was 1.18, the lowest since I started recording it. It is therefore the most bullish. While it may only be of long-term significance, it suggests strongly that gold stocks will be a lot higher by mid 99. It seems to me that it is inconsistent with Armstrong's suggestion that the bear market may continue until 2003. However, I don't think it is inconsistent with what Auger, the Elliott Wave type, is saying or what George Cole is saying on the Dutch Central Bank --- thread. To be consistent, it would have to drop more in the near-term, something that seems likely unless Japan gets its act together sooner than seems likely. Cheers, Larry

To: Richard Mazzarella who wrote (221)	8/16/1998 6:16:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, Barron's GMI was 321.87 on 8/13, down from 337.52 last week. With the POG down slightly at 284.40 (8/14, note that the Barron's quote was 274.40, which I assume is an error) the ratio was 1.13, making this the second week in a row that the ratio was at a new low. It is therefore the most bullish since you started this thread. While it may only be of long-term significance, it suggests strongly that gold stocks will be a lot higher by mid 99. Incidentally, I sent and email to the gold forecaster (E Brenner) asking about updates and he responded by saying he just wanted to see if anybody cared. He also said the system will soon be moving to investormall.com. I see that it still hasn't been updated. Cheers, Larry