 NYSE Arca Gold BUGS Index from June 1996 to September 2012 (daily closings) Image by Jashuah, via Wikimedia Commons. Licensed CC BY-SA 3.0 |
The Gold BugsHUI Gold Index HUI Gold Index Weighted index used in gold trading The NYSE Arca Gold BUGS Index is a modified equal dollar weighted index of companies involved in gold mining. BUGS stands for Basket of Unhedged Gold Stocks. It is also referred to by its ticker symbol "HUI". Overview The HUI Index and Philadelphia Gold and Silver Index (XAU) are the two most watched gold indices on the market. The main difference between them is that the HUI Index takes into account only gold producer stocks whereas the XAU Index includes both gold and silver producers.[1] The Gold BUGS Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not… (Source: Wikipedia)
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