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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Larry S. who wrote (570)5/21/2001 8:16:31 AM
From: Dan P  Read Replies (1) of 972
 
Larry:

Well, gold has taken off, and it has left many of the advisors on the sidelines. Marantette
(goldstock advisory) has stayed totally out of this rally, arguing that his cycle work and the downside gaps in many gold stocks and the XAU, suggested to him that this was not a valid rally. I wonder what you call a double in Homestake, for example, if not a valid rally????? I have to admit that I followed his advice, and have been sitting on cash, which I could have deployed into this sector. Anyway, the lesson is to follow one's own guidelines, rather than blindly follow an advisor.

Regards

Dan
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