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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Mazzarella who wrote (98)4/5/1998 9:38:00 AM
From: Bruce McGaughey  Read Replies (1) | Respond to of 972
 
I think we all know that "The Midas Fund" has IPM in it's portfolio.
Today's St.Louis Post-Dispatch has a big end-of-quarter Fund
Performance table. It shows the Midas Fund it down 51% for the past
year.
The charts show it has bottomed now and is moving back up.



To: Richard Mazzarella who wrote (98)4/5/1998 1:02:00 PM
From: Dan P  Respond to of 972
 
Richard:

Your point is well taken. I would agree that the Majors will
appreciate first, and then the juniors. One closed-end fund
that holds primarily juniors is BGR. Its a little hard for
U.S. investors to track it, but I remember that very recently
it was trading at a 10-15 % discount from net asset value. I can
post the symbol if anyone is interested, but it trades on Toronto.

Regards

Dan



To: Richard Mazzarella who wrote (98)4/5/1998 2:14:00 PM
From: Gary  Respond to of 972
 
A suggestion for an exploration Mutual Fund: It is based in Vancouver and is managed by Cannacord . I believe the manager's name is Chad Buckland.
It is called the Multiple Opportunity Fund ( MOF) . It has over time one of the highest returns of any mutual fund in Canada. A great time to buy into it is in November and get out in May or so. ( In a decent market.)



To: Richard Mazzarella who wrote (98)4/6/1998 3:59:00 PM
From: Ron Struthers  Respond to of 972
 
Richard, thanks for the post on funds.



To: Richard Mazzarella who wrote (98)4/6/1998 4:16:00 PM
From: Ron Struthers  Read Replies (1) | Respond to of 972
 
Richard, I would also like to add that I use a momentum indicator to switch in and out of funds. Currently it reads up for precious metal funds, as well as TSE 300, S&P and Energy funds