Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Barracuda™ who wrote (369)	5/9/1999 7:47:00 PM
From: Dan P	Respond to of 972

Robert: I agree that in many respects, using the gold fund vehicle for trading the gold stocks makes sense. Marantette has made the point that until and unless we are actually in a "bull" market in gold, whatever that is, gold stocks should be traded and not held for the long term. Certainly, that would have been good advice for the past 2-3 years. Trading the individual stocks incurs a risk that the particular stock or stocks that you have don't do much, and although one can trade with low commissions, nevertheless it is more cumbersome to trade, say a 10-15 stock portfolio. For all except the Fidelity funds, one has to get the closing price at the end of the day, and for most of us that probably doesn't matter much. Also, one can buy 2 or three gold funds, picking the funds with the best recent performance record. In this most recent trade that I am now out of, in a couple of accounts, I traded funds only, and those accounts did better than my 6-7 stock portfolio. Regards Dan