PHILADELPHIA GOLD AND SILVER INDEX: XAU Message Board

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Gold/Mining/Energy : PHILADELPHIA GOLD AND SILVER INDEX: XAU

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To: Wade who wrote (19)	2/22/1997 5:16:00 PM
From: Dan P	of 28

Wade: Thaks for re-awakening this sleeping thread and Good to hear from you. My work also suggests that the S. Africans are a strong buy, and in fact I sent a note regarding that to LeRoy, but it got lost somehow. Anyway, for those who are not interested in specific stocks, several of the gold mutual funds are excellent buys right now, and if you believe that gold will have a substantial move, the South African oriented funds (e.g. United services gold, Lexington Strategic investment, Fidelity Select Precious metals) should do well. I acted once on one of my own recommendations, and about a week ago switched from a money market fund into a gold fund (Vanguard), and am already up 10 %. I really expect fireworks this year, and we should see gains of 50-100% on the gold mutual funds. Selected individual stocks should do much better. Regards Dan

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