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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: goldsheet who wrote (88440)	8/1/2002 2:55:35 PM
From: long-gone	Read Replies (2) of 116762

but this must have gone to press prior to today's move... Forbes Gold: Is The Party Over? Mark Lewis, 07.30.02, 12:00 PM ET NEW YORK - The gold club gained members this year as the stock market sagged. Gold has always been seen as a hedge against disaster, and this has been a truly disastrous year for most equity funds. But the great gold rally of 2002 may already have run its course, even if the stock market's current comeback turns out to be short-lived. There are lots of ways to invest in gold. The more paranoid among us can buy some Krugerrands and bury them in the backyard as a hedge against the complete collapse of the financial system. Those investors who are more sanguine--but still pessimistic--can just buy gold equity funds, which have outperformed all other equity funds this year. Lipper, the Reuters unit that tracks fund performance, says gold funds as a group are up 24% since Jan. 1, while most stock funds have fallen. But the gold rally seems to have peaked (cont) forbes.com

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