Precious Metals mutual funds (gold, silver, PGMs) Message Board

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

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To: Larry S. who wrote (425)	11/25/1999 12:00:00 PM
From: Dan P	Read Replies (1) of 972

Larry: Another point that I really didn't pay much attention to until now: Check out the XAU (here is one link: tscn.com for a 2 year period. One of the obvious points to learn is that the actual low was set in 1998. We have NOT violated that low since. Gold has dropped further, of course, but the XAU didn't. Positive divergence Check out the gold funds too, e.g. the Gold-eagle fund average: same result. Lows were established in 1998, not seen since. This would lend credence to the thesis that gold stocks have turned for the better. Cheers and Happy thanksgiving. Dan

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