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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Larry S. who wrote (610)1/7/2002 9:35:15 AM
From: Dan P  Read Replies (1) of 972
 
Larry:

I just reviewed some of the base metal stocks (e.g. Inco, Noranda, Aur, and a few others) and it is interesting that they have made a substantial move up since Oct 2001. In fact, AUR is at or near its 52 week high. Also, the CDNX mining index ($CDNXM) has been in a stealth bull market for the past year. Of course, copper prices did rally a bit, in that interval, but have corrected again. All this is interesting in the context of those who are talking about deflation, and serious problems ahead for the world economies ahead. Mining stocks did in fact do very well last year, and of the Fidelity select funds, select GOLD was the top performer for 2001. To me this suggests that 2002 will be even better for the mining sector.

(this is the same post that I made on the precious metal thread)

Regards

Dan
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