|Dan Wade et al,|
I didn't find anything in Barron's this week concerning PMs and lease rates don't seem to be doing anything special; so I will get the GMI bit directly.
The GMI/POG ratio:
On 9/22, the Barron's GMI was 747.47 up significantly from the previous week's 719.55. With the POG also up at 462.65 (9/23), the ratio was up at 1.62.
The ratio has reached the high side of the middle range but it doesn't yet suggest strongly a rise or drop in the POG or stocks. It may be indicating that interest in mining stocks is beginning to increase significantly.
The ratio a year ago was 1.56, almost as high as today.