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To: mishedlo who wrote (209667)	12/15/2002 1:52:34 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

mixhedlo, SGGDX is another gold fund you can add to your list.

To: mishedlo who wrote (209667)	12/15/2002 2:13:38 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

mishedio, >>Timing? Too late? Wait for a pullback? Average in? I think each individual has their own way of investing that they can sleep with. I can share with you what I am doing. I believe the bull market in gold is going to be a long slow grind. The reason I believe this is gold has been in a bear market for 20 years and the lowest cost mines are close to being depleted and the cost to explore and mine will increase. In general the 20 year bear market has also left standing the large companies that have good management and are survivors. If I am going to be investing in a long bull market associated with a commodity I want to own companies that can both generate profits to do exploration and send me dividends. With this criteria I own AU, GFI and HMY. I also own DROOY as an option on the price of gold that does not expire. Some people do not like these SA producers because of the political risk and that is an individual preference. These gold companies have mines throughout the world and are not solely dependent on the SA environment. I started collecting these positions starting in 2000 and kept averaging down until they bottomed out. The positions were collecting nice dividends while this process was implemented. One can buy trading positions around a core position when corrects occur.