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

To: Dan P who wrote (815)	12/1/2003 9:31:43 PM
From: Wade	Respond to of 972

Dan, Thanks a lot. I was going to call them in the next few days because I figure that it is a small fund, low fee's and holding mainly big blue chips. Their turn over rate must be very low. Thank you so much for sharing this information. Wade

To: Dan P who wrote (815)	12/1/2003 10:01:02 PM
From: Wade	Read Replies (1) \| Respond to of 972

Dan, I like this fund. My only worry is about their ABX position. From the latest price actions of ABX and Peter Munk's decision of no more hedging....made me worry if ABX is solvent. This has been a dark shadow over my head since I bought it. I sold my ABX this morning for this reason. May be I and many others just too sensitive about this issue. But, I had to consolidate my holdings. Wade

To: Dan P who wrote (815)	12/3/2003 11:44:44 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, The Commodities Corner in Barron's this past week was a very bullish story about Platinum. The key argument was the need for platinum in CCs for diesels, which are very popular in European cars. The lease rate action for gold is interesting. With gold holding over $400 and continuing to rise a little, one would expect rates to fall indicating that leased gold isn't being used to cap the price. But rates are essentially unchanged. The GMI/POG ratio: On 11/27, the Barron's GMI was 715.46 up from the previous week's 691.01. With the POG up at 396.00 (11/28) the ratio was up at 1.81. The ratio a years ago was 1.23. Larry