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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (809)11/22/2003 9:32:56 PM
From: Dan P  Respond to of 972
 
I own a couple of funds, American century and Invesco.
A letter I subscribe to (growth Fund Guide p.o. box 6600, Rapid City, SD 57709 phone; 605-341-1971) has been around for a long time, and they have been bullish on gold funds for about 2.5 years. They are also high on Asian funds, and have been of the opinion that the US market is in a long term bear market, and they don't advise investing in it for now. Their favorite funds area; Gabelli, Tocqueville gold, American Century Global bold, and US world precious minerals fund. Both Larry and I are heavily into Canadian and US gold stocks, and the funds represent only a small portion of my investments. I have IRA's with Fidelity, and have it all in FSAGX at the moment.

The drop in Ivanhoe and a few others was expected. They have gone straight up, and had to correct. I have recently sold a lot of gold shares, and will stay in cash until I see a good opportunity. I think the gold funds could continue to rise, however.

Regards

Dan



To: Wade who wrote (809)12/1/2003 9:26:28 PM
From: Dan P  Read Replies (3) | Respond to of 972
 
Larry, Wade, and others;

I learned today from American Century gold fund that their year end distribution will only amount to about 6 Cents with no capital gains. This is good news for me, since I own the fund, and at least this year wont have to pay capital gains taxes on this. Suggests to me that more money is going into the fund, and also that there has been very little turnover. PM funds going higher???

probably

Dan