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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (94141)3/19/2003 3:50:31 PM
From: goldsheet  Respond to of 116752
 
Gold rush too late for many investors

Gold funds, after recording lofty returns last year as stocks and the U.S. dollar declined and worries about a possible war in Iraq lingered, have turned south in 2003. That is unsettling for investors who shifted money into funds investing in gold stocks, hoping the streak would roll on.

"Gold is the place you go in times of unrest in the world and economic turmoil," said Don Cassidy, senior analyst at research company Lipper Inc. "So now you have people chasing short-term performance. They always do that. And in the computer age, it's much easier to know exactly what's hot."

FULL: biz.yahoo.com