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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Investor A who wrote (22004)	12/11/1997 12:11:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 33344

Gold stocks in general are a homogeneous group...they move as one. Timing is everything. At a significant bottom high cost producers will be the most oversold. Typically these are the South African deep level mines...also some small cap gold stocks will be at fractional prices and can easily quadruple but you have to do your homework. Then there are the well known XAU components like ABX, PDG, NEM, BMG, PGU, ECO, ASA (a South African gold closed end mutual fund) For a beginning gold stock investor I higher recommend a gold mutual fund like Lexington Gold and Lexington Strategics, Benham Global Gold, Fidelity Select American Gold, Fidelity Select Precious Metals, USAA gold, Excel Midas, Financial Gold, United Services world gold etc. Some are no load so you can trade them with no comission. I think you have to assume that any bounce in the XAU is just that and that gold could go lower. At least until we see a double bottom in the XAU. So be careful. But like you said some of these gold stocks are really washed out. Downside looks limited. Trouble is thaey can close down. Jim Jim