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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (423)	11/17/1999 8:15:00 AM
From: Dan P	Read Replies (1) \| Respond to of 972

Larry: Thanks very much for the information. It appears that the GMI might be a little more slanted toward the South African gold stocks, whereas the XAU is more N. American, although AU is obviously a S. African. Also, the XAU is more heavily weighted in Barrick, which lately has not been treated well in the marketplace, presumably because of its extensive hedging. Regardless of what one thinks of the company, the Market doesn't seem to like it, and I suspect that many gold funds have sold shares. Generally, in a bull market in gold, many have suggested that the relatively undervalued S. African producers could outperform the relatively overvalued N. Americans. So, maybe the gmi might outperform the XAU to some extent. Regards Dan