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: Bruce McGaughey who wrote (69)	3/29/1998 1:07:00 PM
From: Richard Mazzarella	Read Replies (1) of 972

Bruce, you have a good point. I guess I was just looking for a simple rule of thumb for the POG vs XAU. As I look at the RYPMX (XAU proxy) prospectus (08/30/97) they list the dollar value in the fund from various metal stocks. Barrick $14.5MM, Newmont $11.0MM, Placer $7.2MM, Homestake $3.5MM, Battle $2.6MM, ............ etc.. I guess that to properly model the potential for the XAU one must forecast the potential for each stock for a given POG. TA tools for stocks could give an upside potential each stock and then those values summed for a total potential XAU prediction as a function of POG. I suspect that some gold analyst must have done that, but it looks like too much work for amateurs like us. Anybody want a job? <VBG>

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