Prospects Good For Gold
Missy Sullivan, 08.02.02, 3:00 PM ET
Talk about a crash course in crashing markets. Curtis Hesler earned his broker's license in 1973, the very day the stock market peaked before an ugly two-year slide. Now editor of Professional Timing Service, the Missoula, Mont., native said he appreciates the lessons of that bearish period--specifically, how to navigate the commodities markets when stocks go south. Apparently they were lessons well learned. According to the Hulbert Financial Digest, Hesler's timing portfolios, which trade Rydex funds and a limited number of equities, have gained an average of 15.9% year to date, while the Wilshire has lost 19.53%. His biggest success of the year? His Rydex Gold portfolio, which shot up 41.4%. Formerly a broker for Piper Jaffray and a business professor at the University of Montana, Hesler took over the editing of Professional Timing Service in 1984 from Larry Williams, who had originated the letter in the 1960s.
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