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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 (267)	12/20/1998 11:40:00 PM
From: Larry S.	Respond to of 972

Richard, et al, You are welcome. Barron's GMI was 333.13 on 12/17, down from 362.62 last week. With the POG up slightly at 291.60 (12/18), the ratio was 1.141, down significantly from last week's 1.247, and the lowest ratio this year. This suggests that the XAU will be substantially higher by the end of 99. For those interested, Armstrong's models are suggesting that a year end close for gold below 342.50 will leave gold in a bearish trend for 99 and that a year end close below 280.50 will ensure new lows in 99. He suggests resistance for 99 is building at $326 and projects (high likelihood of) a major low in 2000 (end of bear market) with a high in 2003. Cheers, Larry