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

To: bobby beara who wrote (11876)	5/18/1998 9:23:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116824

Let's Gold Plate the Roads - Really....... washingtonpost.com A Potential New Source of Demand? :-)

To: bobby beara who wrote (11876)	5/18/1998 9:47:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116824

bobby, I think that your theory is very plausible. I would personally like to thank them for a once in a lifetime opportunity. I also feel that the EMU wants to be top dog and that a large gold reserve will seperate them other currencies. In essence they are going for the gold. Once you add Switzerland and Great Britain to the fold they will represent a very powerful force. Some financial giant (individual or group) has to be following Buffet's example in silver and is currently accumulating gold at fire sale prices. I think that the central banks must see this coming and they will hold on to their reserves to benefit (along with us) when gold blasts off. The central banks will make a mint as lease rates and the POG takes off from the short squeeze. The key to all of us is to be patient and let this play itself out. Also, we need to be somewhat aggressive on any major dips. Terry,

To: bobby beara who wrote (11876)	5/19/1998 8:11:00 AM
From: long-gone	Respond to of 116824

It is also to do with the investment community. If they were to tell people of the recent gains in some metals, more people would pile on. check out these 3 month numbers: Returns through March 31; assets in millions of dollars as of Feb. 28. % Total Return Fund Name 12 Mos. 1st Qtr. 5 Years Assets United Gold & Govt;A -15.57 1.60 7.70 16.2 Oppenheimer Gld & Sp;A -21.89 10.76 1.83 91.8 Rydex:Precious Metals -23.82 8.99 n/a 28.2 USAA Gold Fund -23.90 12.50 -11.64 89.3 Franklin Gold Fund;I -24.89 11.36 -2.18 224.1 Monterey:Ocm Gold -25.58 10.77 -47.06 4.9 Sogen:Gold Fund -26.84 3.52 n/a 30.7 Van Eck:Intl Gold;A -28.00 5.97 -10.19 285.7 Fidelity Sel Amer Gold -28.02 8.24 10.64 215.2 Van Eck:Gold/Res;A -28.65 8.36 -12.35 66.2 Averages & Counts -31.55 8.35 -9.65 2,785.2 Note: Group average returns may differ from those in Category Rankings because this table includes non-NASD-reporting funds and a different set of objectives. Data are as of 6 p.m. March 31, 1998. N.A.: Not applicable; fund is too new; For funds with multiple share classes, only largest is shown. Source: Lipper Analytical Services