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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 (694)	10/14/2002 8:05:35 AM
From: Dan P	Read Replies (1) \| Respond to of 972

Larry: Sounds like a very interesting conference, just held. Maybe there is too much bulllishness on gold and gold related investments, as the stocks and funds have corrected, after a recent rise, which did not break the previous highs. I. E., charts look like a temporary topping pattern. I recently sold out of my trading positions (mutual funds only), and will re-enter hopefully when gold stabilizes and the funds/stocks have finally formed a good base. Not easy to do of course. One of the problems with this sector (esp. the juniors) is that there apparently has not attracted a log of new money, so that those who have profits have been/are selling and taking profits. Regards Dan