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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Larry S. who wrote (943)9/25/2005 10:42:18 PM
From: Larry S.  Read Replies (1) of 972
 
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.

Larry
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