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Strategies & Market Trends : The picks

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To: giddy guru who wrote (4914)	2/13/1997 3:16:00 PM
From: Trader X	of 6124

/gg/ re XAU............................... take a look at this chart of the XAU, quote.yahoo.com^XAU&detailed=1y this is about where it was a couple of years ago just before it began it's run up to the 150 area. I think it's a little premature to be buying this index or gold stocks yet. But interest IS beginning to build. This may sound lame, but the way I play the XAU is to buy gold stock funds. I find it's the safest way to play that sector. Gold stocks always outperform the metal, and the universe of gold stocks is so small that the funds are a safe bet. In fact, while the XAU advanced 50%, I was in a gold fund that advanced 100% in the same time. They must be more leveraged than the stocks alone. KH.

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