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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 (173)	5/8/1998 5:33:00 AM
From: Jim Battaglia	Read Replies (1) \| Respond to of 972

I agree Richard, but in the short term, if it drops below its lower band it may be a good time to enter that market again. If you notice that each time it falls below the lower band it reverses. One of the characteristics of reading bollinger bands is that particular point. Once below the band, if it drops lower in the inside the band later, it is a buy. A summary: inside to outside. Then a new low once on the inside. Sounds a little confusing doesn't it. Jim investnbest.netmegs.com

To: Richard Mazzarella who wrote (173)	5/8/1998 6:51:00 AM
From: Dan P	Read Replies (1) \| Respond to of 972

Richard: I feel your pain. However, although I felt that way the last couple of days myself, technically I think that we are ok. Remember that several stocks (Kinross, Barrick among others) have had a major technical change to the positive. The XAU is also close on a long term basis as well. What I am referring to is the 10 wk/40 wk moving averages. Since Aug 1996, for the XAU and most gold stocks as well as funds, the 10 wk moving average has been dropping and also been trending below the 40 wk. However, this has changed. The XAU is close, but the stocks above have already done it. The 40 wk average has quit dropping, flattened out, and is starting to rise up. First time in 18 months!!!! Also, for those stocks mentioned (among others), the 10 week average has crossed above the 40 wk average. In 1992-93, this was a very reliable long term change to the positive. I think that we are at about the bottom for this correction both for gold and XAU. I am about to re-enter the gold funds. Our pessimism, besides, suggests a contrary opinion move soon. At http:// www.gold-eagle.com there are some very good links to gold funds, with very useful info. As of the end of April, 1998 the combined assets of gold funds was estimated at about $2.9 billion. Cheers (don't despair) Dan