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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (595)	4/26/1998 3:35:00 PM
From: Bruce McGaughey	Read Replies (1) \| Respond to of 749

Thanks for the comments. I've been a watcher of gold stocks since around '85. I've been lucky enough to have participated in some of the runs. It seems to me that gold moves every 3 years: '87,'90,'93,'96. We're a little early, this year, if you go by that barometer. However, I DO think we're coming out of this cellar. Read through this URL: the-privateer.com You're right about trying to trade the runs in gold stocks. They're very schizophrenic during their runs. They'll move big one day and then hibernate for a week or more. Then, one day again, they'll take off and run higher. You just have to hold and hope. Pretty unnerving. As the above URL states, a pretty good indicator is the 200-day moving average of the price of gold. The Privateer bases it's bottom calls on an up-turning of this moving average. We have that now. The St.Louis Post-Dispatch gives YTD results of mutual funds in it's Sunday edition. The Fidelity Select Precious Metals fund is now second on the Fidelity Select fund list at 25% for the year. Only their Telecommunications fund is better for the year. For the above reasons, I'm terribly long on gold stocks and will not be easily shaken out.