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Gold/Mining/Energy : The Metals Thread

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To: Metacomet who wrote (233)	7/30/2007 10:48:05 AM
From: Tommaso	of 252

I also thought about mentioning PMPIX, which is a leveraged mutual fund comprising gold producer stocks. But the miners don't always correlate very well with the price of gold itself. ["The investment seeks daily investment results that correspond to 150% of the daily performance of the Dow Jones Precious Metals index. The fund commits at least 80% of assets to equity securities contained in the index and/or financial instruments that have similar economic characteristics. It employs leveraged investment techniques and may use sampling techniques in seeking its investment objective."] It is easy to follow PMPIX during the day because it's 150% either way of ^DJGSG: finance.yahoo.com Also, one can buy calls on XAU, but that is also tied to gold producers rather than gold itself.

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