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: Larry S. who wrote (351)	3/21/1999 8:37:00 AM
From: Richard Mazzarella	Read Replies (2) of 972

Larry, thanks for posting the Barron's index. I think that the xau is still in a general down trend. Even if it's bottoming, that could last a long time. Of course there will be small moves to make money on, I will post when I'm so sour on the gold market that I buy in again. <VBG> Gold currently has no monetary value, it's just a commodity that's declining like all other commodities. IMO the fundamental signal for investment will be when commodities begin moving up again, like oil did lately. However I view oil as a false start just based on some promise of curtailed production. The US stock market is currently the coin of the universe, that perception has to change before people look for safe investments. Talk to your neighbors, they buy all the dips, the market's safe in their minds. Some day there will be the dip of no return. That could start the bull run on gold. We need to be careful though. Don't enter the xau too early. A stock market crash will drag miners down with the general market, buy near the bottom.

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