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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 (232)	9/9/1998 2:06:00 PM
From: Wally Mastroly	Respond to of 972

"US Mint buys zinc, nickel, copper": biz.yahoo.com

To: Richard Mazzarella who wrote (232)	9/12/1998 11:25:00 PM
From: Dan P	Respond to of 972

Richard, Larry and others: This Friday's Investor's Business daily lists the gold funds as the top performers in the past 4 weeks ahead of all other funds. Of course, they conveniently omit the "Bear funds" including the Prudent Bear, Rydex Ursa, among others, which have been the star performers this past month. To be sure, we need to see if this time the move is for real. We were fooled in the early part of this year with an aborted move in the POG and the gold shares. Regards Dan

To: Richard Mazzarella who wrote (232)	9/13/1998 9:37:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, Dan and others, Barron's GMI was 357.78 on 9/10, up from 317.44 last week. With the POG up to 293.35 (9/11) the ratio was 1.22; while up significantly, still in very bullish territory and strongly suggests that gold stocks will be a lot higher by the Fall of 99. I agree that this Barron's GMI indicator has never seen a world wide deflationary spiral and I fear that we may see lower values of the ratio over the months ahead. However, it is encouraging that precious metals funds have been among the best performers since the first of the year and that gold has recently been showing signs of life. But, I'm not an expert. I just read Barron's and report. Cheers, Larry

To: Richard Mazzarella who wrote (232)	10/4/1998 7:04:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, et al, Barron's GMI was 400.46 on 10/01, up significantly from 383.90 last week. With the POG up to 300.80 (10/02) the ratio was 1.33, up significantly from last week's 1.288 and still strongly suggesting that gold stocks will be a lot higher by the Fall of 99. While it appears that interest in this thread has dropped to essentially zero, I will continue posting the ratio to give us a record. For what it is worth, Sherly Einhorn has devoted her column this week to gold and paints a generally bearish picture based primarily on the argument that we are looking at an outbreak of deflation, not inflation. However, she mentions that Arnold of Merrill Lynch the perennial gold bear has covered his shorts and has turned positive on gold. Cheers, Larry