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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 (164)	5/1/1998 10:17:00 PM
From: Dan P	Respond to of 972

Richard: I have been out of the gold funds for about 2 weeks now. I was tempted to get in, but held off. I think we are nearing another very good buying opportunity. I chart the Rydex Ursa and the Prudent bear fund (BEARX), and was tempted a few days ago , but held off. I think we need more significant confirmation before going short. We might miss the first few percent, but would have a better chance of making money on such a trade. With today's action in gold, let's hope for support soon! Regards Dan