Amex Gold BUGS Index
Encyclopedia
The NYSE Arca Gold BUGS Index (also known as the HUI Index) is a modified equal dollar weighted index of companies involved in gold mining. The Gold BUGS Index is listed on the NYSE Amex under the symbol "HUI". The HUI Index and Philadelphia Gold and Silver Index
(PHLX: XAU) are the two most watched gold indices on the market. The Gold BUGS Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years. The HUI Index was developed with a base value of 200.00 as of March 15, 1996. The AMEX Gold BUGS Index currently consists of 15 of the largest and most widely held public gold production companies.
Adjustments are made quarterly after the close of trading on the third Friday of March, June, September, and December so that each component stock represents its assigned weight in the index.
Investors use the HUI/Gold Ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold.
Philadelphia Gold and Silver Index
The Philadelphia Gold and Silver Index is an index of eleven precious metal mining companies that is traded on the Philadelphia Stock Exchange. The index is represented by the symbol "XAU", which may be a source of some confusion as this symbol is also used under the ISO 4217 currency standard to...
(PHLX: XAU) are the two most watched gold indices on the market. The Gold BUGS Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years. The HUI Index was developed with a base value of 200.00 as of March 15, 1996. The AMEX Gold BUGS Index currently consists of 15 of the largest and most widely held public gold production companies.
Index components
| Company Name | Symbol | WeightingThe weightings above are updated infrequently. See NYSE Arca Gold BUGS Index the for the current composition weighting. |
|---|---|---|
| Goldcorp Inc | 15.36% | |
| Barrick Gold Barrick Gold Barrick Gold Corporation is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units located in Australia, Africa, North America and South America... |
15.08% | |
| Newmont Mining Newmont Mining Newmont Mining Corporation , based in Denver, Colorado, USA, is one of the world's largest producers of gold, with active mines in Nevada, Indonesia, Australia, New Zealand, Ghana and Peru. Holdings include Santa Fe Gold, Battle Mountain Gold, Normandy Mining, Franco-Nevada Corp and Fronteer Gold... |
11.05% | |
| Gold Fields Ltd Adr | 4.78% | |
| Iamgoldcorp | 4.77% | |
| Harmony Gold Mining Adr | 4.76% | |
| Randgold Resources Ads | 4.74% | |
| Agnico Eagle Mines | 4.63% | |
| Anglogold Ashanti Ltd Ads | 4.63% | |
| Eldorado Gold Corp | 4.55% | |
| Kinross Gold Kinross Gold Kinross Gold Corporation is a Canadian-based gold mining company with a gold production guidance of 4.5 to 4.9 million gold ounces by 2015. Kinross owns mines and projects in Canada, the United States, Brazil, Chile, Ecuador, Russia, Ghana and Mauritania, employing approximately 7,500 people... |
4.52% | |
| Yamana Gold | 4.51% | |
| Comp de Minas Buenaventura Ads | 4.47% | |
| Coeur d'alene Mines Coeur d'Alene Mines Coeur d'Alene Mines is a $1.5 billion NYSE-traded corporation that operates silver and gold mining operations on four continents. Coeur d'Alene Mines owns Coeur Alaska Inc. which operates the Kensington mine near Juneau, Alaska.- External links :... |
4.18% | |
| New Gold Inc | 4.01% | |
| Hecla Mining Hecla Mining Hecla Mining is a silver and other precious metals mining company based in Coeur d'Alene, Idaho. The company employs approximately 870 people and owns the Lucky Friday unit in northern Idaho, the San Sebastian unit in the state of Durango, Mexico, and the Greens Creek unit , near Juneau,... |
3.96% |
Adjustments are made quarterly after the close of trading on the third Friday of March, June, September, and December so that each component stock represents its assigned weight in the index.
HUI/Gold Ratio
The HUI/Gold Ratio is an expression which compares the relative quantities of the Amex Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the Amex Gold BUGS Index by the price of gold.Investors use the HUI/Gold Ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold.
External links
- Amex Gold BUGS Index (^HUI) (Yahoo)
- chart of HUI vs SPX from Yahoo! Finance
- Bloomberg page for HUI:IND