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To: John Westman who wrote (16243)	2/19/1999 1:01:00 AM
From: Trader X	Read Replies (2) \| Respond to of 17305

RE: gold funds. I usually go with Invesco strategic gold fund, but there are several good ones to choose from. When I say good, they perform well when gold stocks are in a bull phase. The gold stock index appears to making a bottom pattern for the past 6 months or so. The gold industry has been going through a wringer for a couple of years, and many companies are gone, like Pegasus and Battle Mountain. Echo Bay is on the ropes. That's why I prefer the funds. They leverage the commodity as well as buying gold stocks, and they know which ones have not sold forward gold reserves for 10 years ahead. The metal itself has flatlined at about $385 for a year, and we all know what a good base does for prices to come. That about covers it in a nutshell. tx