Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: crdesign who wrote (826)	6/28/2002 3:23:36 PM
From: Jim Willie CB	of 89467

article: Those nuggets have leverage, by Thom Calandra CBS.MarketWatch.com Gold mutual funds add to year's gain marketwatch.com SAN FRANCISCO (CBS.MW) -- Gold mutual funds compiled returns of as much as 32 percent in a second-quarter stock market that behaved like a very naughty child. an excerpt: Against a U.S. equity landscape devoid of profits, precious metal funds dominated the top ranks of second-quarter performers. If short-selling mutual funds are set aside, the gold names made up nine of the top 10 equity funds for the quarter ending Friday. See fund results on CBS MarketWatch. "Clearly, gold was the place to be, but I can't say I am entirely pleased," said Caesar Bryan, manager of the $98 million Gabelli Gold Fund (GOLDX: news, chart, profile), which rose 13 percent for the quarter, as of Thursday. "I think the gold price should be higher right now, so I am a little disappointed." / jim

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