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21 GOLD FUNDS
Basic Information
COMPARE STATS
Week- Month- Years
GOLD EQUITIES
held by most funds.
WEEKLY RESULTS
as of June 26
LINKS
to other gold sites.
GUIDE TO GOLD FUNDS
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WHY INVEST IN GOLD
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June 30
For the month of June the dollar moved only a small variation around 80, closing at 80.11, but gold dropped from 978 to 927.1. Gold funds had a bad month with XAU falling from 160 to 139.02, and silver from 15.60 to a monthly low of 13.60. The long bond yield climbed to 4.75% but closed down at 4.31%.
June 26
The dollar weakened slightly to 79.87 and gold edged upward to 940.7. Silver slipped to 14.11 and XAU gained to 143.80 as most gold funds had a good week. The long bond yield slipped to 4.30%.
June 19
The dollar was fairly steady, holding at 80.26, and gold slipped slightly to 935.6. Silver dropped to 14.18 and XAU to 141.64 as gold funds had a poor week. The long bond yield slipped slightly to 4.52%.
June 12
The dollar slipped slightly to 80.14 with gold down to 940.1 and silver to 14.86. Gold funds had a bad week as XAU dropped to 145.12. The long bond yield held steady at 4.63% near its high.
June 5
The dollar closed the week rallying to 80.67 after dipping as low as 78.49. Gold fell to 961.7 and all gold funds had a bad week. XAU slipped to 150.67 and silver to 15.37. The long bond yield rose to 4.66%, a new eight month high.
May 29
The dollar closed the month at 80.43, a big slide for the month, and gold climbed to 978.8 as all gold funds had a very good week and excellent month. XAU finished at 160.16, not seen since last August and twice the November low. Silver continued its advance, finishing the month at 15.60. Interest rates began to climb as treasury values dropped in the face of deficit spending plans. The long bond yield closed at 4.34% after reaching 4.61% during the week.
May 22
The dollar dropped to 80.04, giving all commodities a boost, including gold, which climbed to 958.5. Silver jumped to 14.68 and XAU soared to 151.40. All gold funds had a very good week. The long bond yield climbed to 4.39%, an eight month high.
May 15
The dollar rose slightly to 82.99, but gold rose to 930.89 anyway. XAU slipped to 136.78 after reaching 141. Gold equities and funds were mixed. The long bond yield fell to 4.08% from a peak at 4.27%.
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The top gold funds for the week ending June 26 and for the entire month of June (percentage change):
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June 26 Fund 1wk 3wks 6wks 2008 nav
HUI Amex Gold Bugs Index . 4.0 -3.9 3.4 16.9 353.50
SGDAX DWS Gold & Prec Mtls A 2.4 -3.6 7.3 18.3 16.32
OPGSX Oppenheimer Gold A . 2.2 -4.8 7.6 32.2 26.99
OCMGX OCM Gold . 2.2 -4.0 5.2 21.1 18.48
GDX Mkt V Gold Miners ETF. 2.1 -5.2 4.1 15.7 39.20
June 30 1mo 3mos 12mos 2yrs 3yrs
GLD SPDR Gold Shares . -5.2 1.0 -0.2 41.9 48.9
VGPMX Vanguard Prec Metals . -6.1 26.2 -59.4 -46.2 -31.6
ASA ASA Ltd . -8.0 18.3 -22.3 5.0 8.5
SGGDX First Eagle Gold A . -9.6 5.2 -8.5 24.8 26.0
UNWPX US Global World Pr Mns -10.5 16.1 -38.0 -30.7 -23.0
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HUI yearly chart from Yahoo.
USAGOLD Afternoon Gold report
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Disclaimer: Information and data is believed to come from reliable sources but there is no guarantee on its accuracy. We provide opinions, not investment advice. All investors should evaluate the information provided and make their own investment decisions.
Copyright © 2009, EagleWing Research. All rights reserved.
gold@eaglewing.com
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