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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (359)	4/30/1999 10:47:00 PM
From: Dan P	Read Replies (1) \| Respond to of 972

Larry: Another good week, with the gold funds and indices now signalling a major trend reversal, since late 1996!! A painful 2 + years! Interesting that the Oil and Nat gas sector seems to have led the way again (reminiscent of 1992). However, looking back to last year, it appears that the fall 98 lows in the gold stock indices and gold funds have held, and not been tested again. Now we need gold to follow along, and with all of the negative publicity thrown at it (e.g. IMF gold sales suggested, etc.) it hasn't collapsed and actually gone up. Today's action was interesting, because typically an attempt is often made to drop it at the end of the week when many traders are gone. Well, it actually rose today. Look forward to your analysis. Cheers Dan