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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: goldsheet who wrote (87509)	6/28/2002 10:37:10 AM
From: Douglas M. Benedict	Read Replies (1) of 116795

I refer you to the fees charged on page 8 of the prospectus,,,including 2% fee if redeemed under 90 days...limits this as a trading vehicle...(as well as a $25 fee at redemption if held over 90 days..) kinda gets you coming and going (grin)...besides the 2.25% MER... Also, subject to the typical black monday suspension privilege...(or by OSC ruling) Quote:"None of the officers of Bullion Management Services Inc. has ever managed a precious metals fund and each of them has limited experience with gold, silver and platinum bullion. Bullion Management Services Inc. is not registered as an adviser and for this reason the fund has a fixed investment objective" (page A-3) Seems like a high MER for passive non-management...(and operating expenses are an EXTRA cost to the fund)

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