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To: Michael Collings who wrote (69266)	5/16/2001 12:07:58 PM
From: russwinter	Read Replies (1) \| Respond to of 116756

<initially the majors get the the most bang for the buck.> Not so sure that is true, but I think it's more fundamental than that. The juniors are moving just fine in this rally, but it's like popcorn. Although I understand the liquidity argument favoring majors, one has to focus on valuation. If you don't, then how does this differ from TNT investing? There are also going to be special rewards for being in juniors as they will start to be gobbled up,and the first deal that is done, will spur the entire sector. So instead of got gold, I say got juniors? Now is the time to reallocate.

To: Michael Collings who wrote (69266)	5/16/2001 7:32:55 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116756

RE:"initially the majors get the the most bang for the buck" This is pretty much the case...but the juniors will follow if the gold bull lasts long enough. Jim

To: Michael Collings who wrote (69266)	4/6/2002 8:02:47 PM
From: long-gone	Respond to of 116756

Friday April 5, 8:30 am Eastern Time Forbes.com First-Quarter Stock Fund Winners And Losers By John J. Ray The S&P 500 had a volatile first quarter, but managed to finish the first three months with a loss of just 1% on a total return basis. As is often the case in troubled markets, mutual funds investing in gold and precious metal companies outperformed many of their peers. The Lipper index of gold funds posted a 35% first-quarter total return. One of the biggest winners in the gold sector: American Century : Global Gold , which has a 40% first-quarter return. This fund (total assets $272 million) has 7% of its portfolio in Newmont Mining (NYSE:NEM - news) , which became the world's largest gold producer in February with its acquisition of Australia's Normandy Mining Unlimited . For the quarter, Newmont has a 45% price return. American Century's Global Gold's annual expenses of 67 cents for every $100 in assets makes it relatively cheap. The 20 gold funds tracked by Lipper have average expenses of $2.21. We used Lipper's mutual fund database to screen for first- quarter winners and losers. For the tables below, we required at least $100 million in assets and only included funds that are open to new investors. Babson Enterprise isn't a gold bug fund, but it posted a 17% return in the first quarter. This small-cap value fund's strategy is to buy companies that have an established product or service but are relative unknowns on Wall Street. Top first-quarter performers in the Babson Enterprise portfolio include Penford (NasdaqNM:PENX - news) , which processes starch-based ingredients for foodmakers and other manufacturers and was up 29% for the quarter, and Cubic (AMEX:CUB - news) , which makes defense electronics, transportation and packaging products. Cubic shows a first- quarter increase of 27%. Another winner is Gulf Island Fabrication (NasdaqNM:GIFI - news) , up 20%, which makes oilfield equipment. The first-quarter runup in small- and mid-cap stocks bypassed most of the technology sector. Among the first- quarter losers are two Van Wagoner funds: Emerging Growth , which focuses on small- and medium-cap technology companies, and Post-Venture , which concentrates on upstart firms. Emerging Growth and Post-Venture had returns of - 25.9% and -25.6%, respectively. As of its latest statement, Van Wagoner Emerging Growth (assets $244 million) had 6% of its portfolio in Interwoven (NasdaqNM:IWOV - news) , which was down 49% in the first three months of the year. Sunnyvale, Calif.-based Interwoven provides content management software and services for large Web sites. Although the stock hit a high of $11.29 on Jan. 4 of this year, it now trades for less than half the amount. For its fourth quarter, ended in December, Interwoven reported a loss of $27 million, or 27 cents per share. Fidelity Select Developing Communications took a 19% hit during the first quarter. The fund was hurt by its big holdings in AT&T (NYSE:T - news) and AOL Time Warner (NYSE:AOL - news) , which fell 16% and 26%, respectively. Another holding, Nextel (NasdaqNM:NXTL - news) , had a 51% first-quarter decline. Source: Lipper Fund Winners 1st Quarter Total Return Assets ($mil) 3/31/02 Sales Charge Annual Expenses Per $100 American Century Global Gold-Inv 40.2% $272 none $0.67 Babson Enterprise 16.9 204 none 1.15 CGM Realty Fund 16.1 435 none 1.02 Fidelity Select Energy Service 15.9 525 3% 1.07 Fidelity Select Gold 35.7 443 3 1.47 Franklin Gold and Precious-A 27.2 208 5.75 1.32 Matthews Korea 29.1 234 none 1.78 Scudder Gold & Precious-S 30.6 108 none 1.59 Van EckIntl Gold-A 45.2 139 5.75 2.30 Vanguard Precious Mtls-Inv 25.9 464 none 0.65 Losers Deutsche Flag Comm-A -16.6 582 5.50 1.05 Fidelity Select Bio Tech -17.1 2,435 3 1.01 Fidelity Select Develop Comm -19.0 593 3 1.00 Fidelity Select Telecomm -16.0 457 3 1.07 Firsthand Tech Value -15.6 1,450 none 1.83 ProFunds UltraOTC-Inv -18.8 255 none 1.33 Rydex Velocity 100 -17.8 156 none 1.75 Rydex Biotech-Inv -15.8 209 none 1.23 Van Wagoner Emerging Growth -25.9 244 none 1.68 Van Wagoner Post-Venture -25.6 115 none 1.95 biz.yahoo.com