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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (17316)	8/20/2003 1:31:01 PM
From: austrieconomist	Respond to of 39344

Crusty, if I was critical it was unintended and only because of my lack of understanding of the operation of USPIX. My apologies. If USPIX is a fund which specifically adds to shorts when management, with a good track record in that decision making process, decides to do so, that could be a marvelous fund. I'll investigate. As a complement, you might consider Hussman Strategic Growth Fund (which I own in my retirement account) which appears to be the converse. They are 100% long in common equities when they determine conditions warrant, and 100% hedged (never net short) when they determine that is prudent. Morningstar just released their report that HSGFX had the highest Sharpe ratio (simplified, best risk adjusted performance) of any U.S. equity mutual fund. Their compound annual rate of return since inception is 19%, extremely good over the July 1, 2000 - June 30, 2003 time period.