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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (19553)	9/7/2003 2:13:33 PM
From: Joan Osland Graffius	Respond to of 39344

Tommaso, These commodity funds carry a large amount of very liquid cash equivalents. If you are holding commodity futures you need cash to cover the position so you don't get a margin call that they can not cover. <g> The commodity holdings will not show up in the top ten holdings. There is an annual report of the Oppenheimer fund and they do a fairly good job of covering the world of commodities. PIMCO has not been in business long enough to produce an annual report so I have no idea what coverage they are giving the world of commodities.