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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 (325)	3/14/1999 5:57:00 PM
From: Larry S.	Read Replies (2) \| Respond to of 972

Richard, et al, Barron's GMI was 329.91 on 3/11, up significantly from 310.66 the previous week. With the POG up to 292.50 (3/12), the ratio is 1.128, up from last week's 1.079. It continues at a level that is nearly off the chart and in the range of values that strongly suggest the XAU will be substantially higher within a year. Richard, you must feel pretty good about your sale of RYPMX given what went on the latter part of the week. What chart (hourly, daily, weekly, etc.) are you using and what bollinger band parameters. I looked at all three and get different results as you would expect. The weekly chart looks bullish, bounced off the lower bollinger band, the daily chart looks bearish, showing that it has bounced off the upper band and hourly chart looks bearish as it looks as though it will ride the lower band down further. I'm not sure what any of it means. Cheers, Larry

To: Richard Mazzarella who wrote (325)	3/14/1999 11:16:00 PM
From: Larry S.	Read Replies (2) \| Respond to of 972

Richard, et al, I forgot to mention in my last post that Epstein have another great article on the surplus that isn't in this week's Barron's. This one is entitled "Fiscal Follies" and points out how Clinton's budget result in a higher rate of increase in the National Debt. He distinguishes the privately held portion from the total, the difference being about 1.8 trillion held in federal accounts including civil service, retirement, Medicare and SS. These accounts consist of IOU's issued by our Government. Epstein says the increase in the National Debt was 110 billion in 98. In the last paragraph, he acknowledges that some private analysts are now anticipating that the strong economy and bull market could result in a real surplus by the end of the fiscal year (September 99). Perhaps he also believes in the tooth fairy. It appears that his previous article and others has had some impact as proposed tax cuts are now for the future. Perhaps this article might reduce interest of both Parties in increasing spending. Cheers, Larry