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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 (67)	3/29/1998 7:43:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 972

Daniel, the herd can sure help. <VBG> The two gold mutuals that I have are ASA (because of the depressed South African gold's) and RYPMX because it is a model for the XAU. I am still trying to find a correlation for gold price to XAU to understand the potential for RYPMX. If anyone has even a rule of thumb correlation, I would appreciate hearing it, thanks.

To: Dan P who wrote (67)	3/29/1998 10:25:00 AM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 972

Daniel: The St.Louis Post Dispatch carries YTD performance of mutual funds in it's Sunday edition. I like to watch the Fidelity Select Funds to see where the strength lies. Usually, the top Select funds by this time of year remain the top Select funds for the rest of the year. I find that by following these rankings, it gets me pretty good gains in my IRA funds. The strongest performers, most years, get over 100% return. Best strategy is to own the top three funds and then re-allocate as the rankings change. Here are the rankings: 1) Telecomm. 28% 2) Software 22% 3) Defense/Aero 17% 4) Retail 17% 5) Utilities 17% 6) Computers 16% 7) Air Trans 16% Precious Metals was further down the list at 12% and American Gold was 10.3% Both the Select metals funds (Precious and Am. Gold) had great weeks, this past week, though. Precious was up 8.75% Am. Gold was up 12.6% That's for one week !!! Don't tell me we haven't had a major shift in metals market momentum !!!