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

V. 21:1 (30-32): Intermarket Review by David Penn
Item# \V21\C01\006INTM.pdf
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Intermarket Review by David Penn


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 1112 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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