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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (220477)	2/11/2003 6:45:02 PM
From: Israel	Read Replies (3) \| Respond to of 436258

finally.. my HMY and GFI have a chance.. not to mention all those Krugerrands I have buried in the back yard.. Israel

To: patron_anejo_por_favor who wrote (220477)	2/11/2003 8:53:45 PM
From: lisalisalisa	Read Replies (2) \| Respond to of 436258

He thinks the following is bearish for gold.... "The truth is, most mutual fund investors ignore the gold mania anyway, according to data from Greg Jacyszyn of the Lipper fund- tracking service. He tell us that gold funds amounted to less that one tenth of one percent of all equity funds out there at the end of last year. Sorry, but passive investors aren't passionate about gold the same way active traders are. Gold's like green tea with no caffeine. Jacyszyn says gold funds are about $4 billion out of $2.3 trillion invested in all equity funds. If you compare them to all $6.3 trillion in all funds, including fixed-income and money markets, you're talking about hundreds of a percent. Think of it this way, if you were the average American mutual fund investor and if you had $100,000 total assets in your retirement portfolio, you'd have less than $100 invested in gold funds. Big deal, you probably spend more than that on your morning Yin tea ritual each month (I mean your latte and muffin at Starbucks)!" cbs.marketwatch.com I am in a better mood now. What an idiot though, he says most ignore the gold "mania"...how the hell can it be a mania if everyone is ignoring it?