BUGS Index (HUI)
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. Investopedia Says:
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 Terms:
AMEX
Bullion
Gold Certificate
Gold Fix
Hedge |