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

To: Dan P who wrote (358)	4/18/1999 6:52:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al: Thank you Dan for the info. It was good week. Let's hope we have a few more in a row. Barron's GMI was 316.47 on 4/15, up from 297.75 the previous week. With the POG also up at 284.20 (4/16), the ratio is 1.15, up from last week's 1.06, the lowest ratio I recall. It continues at a level that is nearly off the chart and, based on the date referenced in post 10, it is in the range of values that strongly suggests the XAU will be substantially higher within a year. For what it's worth, a year ago the ratio was 1.45, up from the 1.2s a couple of months earlier. I would also like to call your attention to Auger's Website: members.home.net. He is an Elliott wave guru and has been projecting a rise in the XAU for some time with a subsequent crash to new lows by late June - not a very happy thought. I am not an Elliott wave enthusiast but Auger's projections have been quite good. Cheers, Larry