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    Gold Funds: Dead Money Walking

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    Wochit Headline News

    by Wochit Headline News

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    Funds that invest in gold mining stocks were the top performers for the first quarter, coming as a welcome surprise to their long-suffering investors. The funds, which jumped 14.2% in the first quarter, have fallen 29.8% the past 12 months and 57.1% the past three years, according to data from Lipper through Friday. A mine that produces gold at $1,000 an ounce will see its profits double when gold rises to $1,200 from $1,200.