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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Harold S. who wrote (34560)1/8/1999 3:16:00 PM
From: NickSE  Respond to of 95453
 
marketwatch.cnation.com



To: Harold S. who wrote (34560)1/8/1999 3:18:00 PM
From: Crimson Ghost  Respond to of 95453
 
Harold:

Gabelli Gold (GOLDX). Available through the Fidelity funds network with no transaction fee. Since gold is much more speculative than oil I would not recommend a large postion. I am thinking along the lines of 3-5% of my capital in this sector. But when it does move, it is even faster than oil service. These funds can move up or down 30% in a few weeks.

BTW, the gold sector is the only one that has done worse than oil service. Many gold stocks back to 1992 levels. OS back to late 1995 levels.



To: Harold S. who wrote (34560)1/8/1999 4:58:00 PM
From: shane hartman  Read Replies (2) | Respond to of 95453
 
If you think we are headed for a big dip in the general market (I do), then consider a small position in The Prudent Bear Fund (BEARX). It did 20+% in the October correction. I also think that FSESX will get to the 18-20 area.