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To: josh tanner who wrote (164077)	5/6/2002 2:54:14 PM
From: Tommaso	Read Replies (1) \| Respond to of 436258

I was trying to interest people in CEF when it was selling at about $3.30 and at an 8% or so discount from NAV. Now it's at a premium of over 17% and people are piling in. That's like paying a 17% front-end load for a mutual fund. Nuts. Wish I could short it and buy a straight open-end PM fund.

To: josh tanner who wrote (164077)	5/6/2002 2:56:12 PM
From: Horgad	Read Replies (1) \| Respond to of 436258

CEF has been on my radar screen for a long while, but I have never had a position in it as I have always found the leverage you get with the miners more attractive. I suppose if the miners get way ahead of the gold price (like now?) it might be prudent to rotate some of the gains into CEF. Also with the premium, you end up paying more than the market price for bullion...yuck.