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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (73214)7/10/2001 10:18:20 PM
From: pater tenebrarum  Respond to of 116756
 
yes, a replacement for HM needs to be found. but otherwise i can't find much fault with it. it's certainly preferable over the XAU with his heavy hedger and copper contingent. the HUI isn't entirely copper-free either, but FCX is at least a MAJOR gold producer too, contrary to PD which represents an over 13% weighting in the XAU.

the HUI's performance is very closely aligned with the performance of my gold stock investments btw...much more so than the XAU, so it's partly a preference relating to my need to have an easily accessible quick reference for my own positions in the sector available. furthermore, it has a much CLEARER e-wave picture...to try to count the XAU is a nightmare imo...