Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (92731)	7/25/2001 12:03:48 PM
From: JungleInvestor	Read Replies (3) of 95453

George, you posted an excellent insight about how falling/low lease rates are bad for gold stocks. Since then I've monitored lease rates on Kitco, and noticed today that they are headed up again after quite a downturn. Which lease rate do you put the most faith in (e.g., 1 mo, 1 year, etc.) and what level would you say the lease rates are a bullish sign? (e.g., 1 mo lease rate greater than x%). Also, are you aware of any bear funds that do well in market downturns. Am looking for a mutual fund for my IRA's since can't short or buy puts. Regards, JI

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