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BUGS Index - HUI

What does it mean?
An acronmy for "basket of un-hedged gold stocks," the BUGS index is the AMEX's index measuring gold companies that do not hedge their gold production beyond a year and a half.

In Other Words...
The HUI, or gold BUGS index, provides investors with the capability of participating in short-term gold price movements as the members who make up the index are un-hedged for long-term durations.

Related Links
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Related Terms
AMEX | Bullion | Gold Certificate | Gold Fix | Hedge

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