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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 (153)	4/24/1998 9:02:00 PM
From: MtnBear	Respond to of 972

Richard: Agree with your assessment following todays action. Update to previous post on funds follows. To All: Late posting this by a day--Phone lines cut by state road dept. Just completed a quick review of large group of Gold mutual funds in my data base. ALL are now above the 23 and 50 day moving averages. ALL 23 day MA's have crossed the 50 day MA. ALL have penetrated the 200 day MA except Invesco (FGLDX) and Bull&Bear(BBGIX), which are in a strong uptrend and no doubt will very soon. I track the 23 day, 50 day and 200 day Moving Average for all: IMO another confirmation of a NEW GOLD BULL is penetration of the 200 day MA by the 23 and 50 day MA's. None have yet except OPGSX and USAGX (23 day only) , but ALL are in strong uptrends and should very soon. The other thought I have is that we may now see a pull back to the 200 day avg before the blast off. I am summarizing this review below. Regards; Mtn Bear -PENETRATED 200 DAY MA Invesco..FGLDX (Almost) Bull&Bear..BBGIX (Almost) Vanguard...VGPMX Rydex......RYPMX Fidel SPM..FDPMX Fidel SAG..FSAGX Amer Cent..BGEIX CapielloRush..CRGDX Franklin...FKRCX Gabelli...GOLDX Lexington..LEXMX LexingtnStrategic.. STIVX Monterey...MNGTX Oppenhimer..OPGSX Pioneer....PIGDX Scudder..SCGDX SoGen....SGGDX United Svc World..UNWPX USAA Gold..USAGX VanEck Gold/Rsc..GRFRX For any "newbies" who wonder how to buy these funds: Most if not all of the above are no-load funds; many are "no transaction fee" funds with Schwab, Jack White, Waterhouse, or Fidelity. My suggestion is go with the fund "family" you are now with, or open an account with any of the above or with one of the above brokerages.

To: Richard Mazzarella who wrote (153)	4/25/1998 6:37:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, Barron's GMI was 487.85 on 4/23, up a significantly from 448.60 last week. With the POG at 313.15 the ratio is 1.56, also up significantly. I guess you would say the the indicator has moved into the neutral zone. Thank you for posting your reading of the Forecaster. Have you looked at Auger's comments today? He is calling for a correction in the XAU down to 83 or so followed by another move up before a major decline. He seems to have pulled back from he view that gold would bottom at $220 and is talking about 280 being the low. I will be very interested to see what the forecaster says about the longer term if/when we get a further move up. Cheers, Larry