Precious Metals mutual funds (gold, silver, PGMs) Message Board

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

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To: Richard Mazzarella who wrote (66)	3/29/1998 7:31:00 AM
From: Dan P	Read Replies (2) of 972

Investor's business daily carries on every Friday's edition a breakdown of leading funds by leaders for 4 weeks, 8 weeks, etc. It will be interesting to see if we can get the funds moving to the point that they become leaders in the short term. Also, this same newspaper (I realize that most U.S. investors are aware of it), carries a daily mutual fund section that is quite detailed and indicates funds by sectors and daily performance. They include the golds as well, which of course have been leaders the last couple of days. Once they begin to take over the leadership for the year-to-date gains, that will attract a lot of attention and buying. I can recall that in 1992-93 this scenario played out, and many gold funds doubled or better over the course of a year. There are funds that did a lot better, e.g. United Services Gold (South African), and with the S.AFr. so oversold, that might happen again this time around. I haven't done it in awhile, but it would be interesting to learn from the funds re: status of money flowing into them. A rally should be accompanied by increase in money switching into the funds, of course. Regards Dan

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