The HUI Index The AMEX Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI) is a modified equal dollar weighted index of 16 large-cap (80%) and medium-cap (20%) gold mining companies that do not hedge their gold beyond 1.5 years. The 3 largest companies make up 42.5% of the index by weight with the remaining 13 companies, at 4% – 5% each, making up the balance. It has 11 constituents in common with the XAU, the other 5 being other gold mining companies.
I guess it is a good indicator in addition to the price of gold.
ABU Price at posting:
3.6¢ Sentiment: None Disclosure: Held
