Gold/silver

Article Abstract:

Gold and silver mining industry stocks are poorly ranked for Timeliness and appear to be unsuitable for short-term investment. Gold prices, which had a mean average of $388 per ounce for 1996, dropped to $376 per ounce in the 4th qtr, 1996 and sank further to $351 per ounce during March, 1997. ALthough prices are expected to average $370 per ounce in 1997 and $385 an ounce in 1998, some gold mining company stocks should be part of long-term portfolios as hedges against uncertain economic conditions.

Santa Fe Pacific Gold Corp., GLD

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Gold/silver

Article Abstract:

The price for gold bullion has continued its fall during the 2nd qtr of 1997, and fell further early in the 3rd qtr of 1997 after the Australian central bank sold much of its gold reserves. The price of gold is forecast to be $335-an-ounce in 1997 and $350-an-ounce in 1998, with the strength of the American dollar in 1997 and the environment for inflation. Gold stocks are not timely in 1997, but higher-quality shares may help diversify portfolios.

Diamond industry

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Gold/silver

Article Abstract:

The stocks of the gold/silver industry are not a timely investment in 1996. Long term investors might want to maintain a few gold mining shares in firms that are expanding, have strong balance sheets and maintain low operating costs. These stocks will diversify a portfolio in uncertain economic times. Gold prices have decreased from $400 an ounce in the 1st qtr 1996 to $385 an ounce in 3d qtr 1996.

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