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To: blind-geezer who wrote (4336)4/22/2004 10:26:30 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 4710
 
<OT>Hi BG, I monitor Vanguard's Precious Metals fund (VGPMX) as a proxy for gold. In the model it was selling shares last at $17.36 in December of '03 and will start to accumulate again below $13.75. With the price close the other day at $14.81, it still needs to drop about another 7%.

Note, this method doesn't use "all in, all out" trading, but incremental trades in both directions. Trade size is usually between 5% and 10% of the total equity position. Currently I own no gold stocks or funds. I changed from Yellow Gold to Black a few years ago and don't really follow the precious metals all that closely any more.

Best regards, Tom