Precious Metals or Energy funds?

Precious Metals or Energy funds? If a $10,000 investment, which to invest
in, or would you spread it 50/50?

Re: Precious Metals or Energy funds?

Proteus wrote:
> Precious Metals or Energy funds? If a $10,000 investment, which to invest
> in, or would you spread it 50/50?

Glancing at top performers, could plug in rough figures for a mean
%return% weight of PM to energy - say, 16:30 @ 3mnth, or half the
profits energy derived; 20:80 @ 1yr, and it's a quarter of the profits
ENG derived. But, PrecMet's quarterly profits are now moving 80% faster
than 1yr avg, whereas ENG quarterly profits are moving 50% than for
1yr. Extrapolate from both mean averages for a comparison: both for an
even, progressive, then a weighted, exponential or moving skew; average
both sets, and the derivative ratio may be incontrovertibly the
proportionate allotment. I'd get out a calculator and plug in exact
values, but I really should get the clothes out of the dryer first.

Re: Precious Metals or Energy funds?

Proteus wrote:

> Precious Metals or Energy funds? If a $10,000 investment, which to invest
> in, or would you spread it 50/50?

Too late for energy stocks. The best time to have invested in energy
stocks was during the 2nd Clinton term, and held on thru today.

Precious metals may still have some upward potential, so I would go there.


--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.

Re: Precious Metals or Energy funds?

I wouldn't buy pure energy at this point, but would prefer energy
services if betting at all. Also, I'd probably want to focus on
natural gas vs oil. Fido has some selects that cover these. Rydex has
energy services RYVIX.

In the pm arena, you'd want to have a diversified pm fund rather than a
pure play gold fund. RYPMX, UNWPX and perhaps one of the better ones if
it's not closed is Vanguard VGPMX.

Now that this is covered, if it was my money right now, I'd probably
want to invest in a broad based natural resources fund that covers all
the squares. Examples are RSNRX and PRNEX. With these you get
exposure to energy, precious metals, iron, coal, timber, etc.

best,

rono

Re: Precious Metals or Energy funds?

I agree that the pure energy pick has past its prime. I think there is
still room for growth within the precious metals though. After doing
some research, I settled on Ivy's IGNAX Global Nat. Resources Fund.
Seems to be doing pretty well for me so far. They invest more in
companies that deal to the energy industry rather than direct energy,
and they have some nice metals and mining exposure. Its a little more
of a conservative play than a pure pick of either.

Re: Precious Metals or Energy funds?

I don't/wouldn't/can't - afford to ignore market plays. IEA is
projecting sustained demand, (and, of course, crude's up at this
moment) and there's certainly no lack of those supportive (loaded to
the gills) of energy. Read a detractor's article (smart money dotcom)
yesterday - natural gas, regardless the forecasts, best to keep in mind
PE/NAV reflects paying thru the nose. I went picking thru prior picks
(excuse me)and distilled PRNEX RSNRX UNWPX VGPMX, bottled it under
<$25,000 for the LCD. I don't shoot $25,000 power plays or 5% loads
(ever), thou I'll lead/lean into hi-exposure over sustained growth.
Energy is such a squirrel.

wrote:
> I agree that the pure energy pick has past its prime. I think there is
> still room for growth within the precious metals though. After doing
> some research, I settled on Ivy's IGNAX Global Nat. Resources Fund.
> Seems to be doing pretty well for me so far. They invest more in
> companies that deal to the energy industry rather than direct energy,
> and they have some nice metals and mining exposure. Its a little more
> of a conservative play than a pure pick of either.