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Pastimes : Prudent Bear Fund (BEARX): contrarian investing -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (784)	4/29/2004 7:47:50 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 793

I certainly hope so as I bought BEARX about 6 wks ago. MP

To: Tommaso who wrote (784)	5/1/2004 4:45:31 PM
From: AuBug	Read Replies (1) \| Respond to of 793

It's sell in May'n go away season so I expect the next leg of the bear market to begin in earnest soon. I went to a seminar on economic geology yesterday and the speaker was the VP of Exploration for Newmont Mining and before that he was Chief Geologist at Phelps Dodge. He seemed to know a lot about both copper and gold. I got the distinct impression that he thinks this 3-5 year subcycle in gold prices is waning but copper has more run to it based on demand. His main point was that 80% of new deposits are near-mine & brownfields discoveries and there are no shortages of possibilities now to expand mines. He said that 70% of the discoveries made in this cycle were made by the majors but he predicts that in the next cycle the majority of greenfields discoveries will be made by the juniors. Personally, I'm waiting for the bottom of this subcycle to start speculating on the juniors. I don't want Mr Tice betting on mining companies, I want him doing what he does best, shorting overvalued stocks. Some times RYVNX appeals to me but I have an account at Schwab and they've upped their outrageous short term trading withdrawal penalty for holding mutual funds less than 180 days. I need to dump them so maybe opening an account directly at Rydex would be the best way to be able to trade in and out of their MFs at my pleasure without having Chuckie Schwab's hand down my pants. I'm guessing they have minimum $25k/trade requirements so I'll have to look into it. Do you know any MF supermarket broker that has reasonable fees?