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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bob Jagow who wrote (23289)	10/26/1997 12:54:00 PM
From: Bruce McGaughey	Read Replies (1) of 35569

Front page, business section of the St.Louis Post-Dispatch (10-26-97), "Global Turmoil Shakes Investors-gold glitters as hedge against risk." The article points to the sell-off in Hong Kong and then talks about the dumping of gold by the central banks to pay for welfare programs and to get in line with other governments' balance sheets ahead of European unification. "Effectively, they've been burning the furniture to keep their houses warm." -John Geraghty. Article states James Dines is bullish. We know Peter Lynch likes it. Lipper Analytical says total return for gold-oriented mutual funds rose 1.3 percent in the latest quarter. This was the biggest since a 23.6 percent rise in the first quarter of '96. "St.Louis Post-Dispatch" is not "The Wall St. Journal", but I thought it was interesting.

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