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

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To: Larry S. who wrote (662)5/31/2002 8:52:03 AM
From: Dan P  Read Replies (1) of 972
 
Larry:

We are in "uncharted territory" with respect to the gold stocks and funds: many funds are close to a double from their lows, and of course some stocks have done a lot better than that. I personally am getting a little concerned that this gold run is a little long in the tooth. Sinclair believes that somewhere between $335-355 gold we will have some concerted effort to stop the run, and that he thinks it might be a good spot to take some profits, but he believes that we will be able to get through those prices and move higher.

Regards

Dan
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