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 (441)	1/15/2000 9:15:00 PM
From: Dan P	Read Replies (1) of 972

Larry et al: Believe it or not, I have found a gold mutual fund that actually had a very successful year (1999). It was up 28 %: Vanguard Precious metals fund. Interestingly absent fromt their top holdings are: Barrick and Placer Dome. They have Stillwater, and a couple of South Africans, and Franco Nevada among others in their top 10 holdings. Funds are often a good way to look at a market, rather than indices, since money managers don't have to hold the stocks in the indices (.e.g. XAU). In actuality, Fidelity's 2 precious metal funds still remain above their 200 day MA (just barely), and the 50 day averages are still above the 200 day MA's, but we desperately need a rally next week to keep the trend from reversing. Cheers Dan, looking at the glass from the 1/4 full viewpoint.

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