V. 21:1 (30-32): Intermarket Review by David Penn

Intermarket Review by David Penn

THE AMEX GOLD BUGS INDEX ($HUI)

The AMEX Gold BUGS (basket of unhedged gold stocks) index represents shares of gold mining and production companies that do not engage in hedging their gold beyond 11–12 years. The index is designed to give investors better exposure to movements in the price of gold compared to other, broader indexes such as the Philadelphia Gold and Silver Index ($XAU).

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