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

To: The Vet who wrote (32301)	11/15/2004 2:48:33 AM
From: LLCF	Read Replies (1) \| Respond to of 39344

<But isn't this a case of the tail wagging the dog? I never thought that it was the function of the NYSE to set the rules for the pension funds. > No, they don't. Pension funds are run by the oldest, stoggiest, "most prudent men" [as in prudent man rule] rules there are. It just so happens that if something is listed on the NYSE it can be construed as a "prudent" purchase... if they have to buy a future or hoard it in the head office, it isn't. It makes no sense... it's an anacronism... but very real. DAK