A.I.M. Users Bulletin Board

[JDerb]

Hi Daisy..

Couple of weeks ago in Barron's 'ETF Focus' column, there was mention of how badly the gold-mining ETFs had performed the first half of the year. Noting that while gold lost 27% in the first half, more 'speculative miners' such as GLDX were down 57%. However, Brendan Conway mentions a gold ETF that was only down -3.3% in the first half: RBS Gold Trendpilot (TBAR). He states that 'the price of this unusual investment has hovered abound $28 for more than 4 months. That's because it is built to switch to three-month Treasury bills once gold's price spends five straight days below the 200 day moving average, which happened in February.' Interesting.

Take care.
Jon