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Bad News Is Good News: A Contrarian Case for Commodities

It seems like we are surrounded by bad news—crude oil has dropped under $50 a barrel, and gold ended 2014 in negative territory again. But we think the bad news is actually good news. As we step out into a new year, it’s the perfect time to gather our thoughts and our research, and share what we anticipate for 2015.

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Net Asset Value
as of 10/16/2018

Global Resources Fund PSPFX $5.18 0.07 Gold and Precious Metals Fund USERX $6.97 0.01 World Precious Minerals Fund UNWPX $3.60 0.01 China Region Fund USCOX $8.21 0.14 Emerging Europe Fund EUROX $6.50 0.12 All American Equity Fund GBTFX $25.72 0.39 Holmes Macro Trends Fund MEGAX $18.50 0.39 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change