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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Abner Hosmer who started this subject	6/3/2001 7:40:13 PM
From: baystock	Read Replies (1) of 116778

<Graham Birch of Merrill Lynch Investment Managers, who is responsible for the management of the sole remaining gold fund in the UK. Mr. Birch points out that in addition to the enormous growth in passively managed, indexed funds from 1995 through 2000, many of the actively managed funds have also adopted stringent, index related benchmarks. Importantly, Graham notes that gold does not feature in any of the major indices or benchmarks. In other words it is being ignored. We all know that ignorance is bliss, but it can lead to missed opportunities> 4 pages in this report. gold.org

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