Ralph Aldis is Looking for Performance

Author: Frank Holmes
Date Posted: July 31, 2014 Read time: 5 min

Brian Sylvester of The Gold Report interviews Ralph Aldis for his latest insights on gold mining stocks.

Ralph cautions investors not to get married to their stocks, but shares his knowledge and experience about what’s happening on the ground in gold mines around the world. He also discusses how the Love Trade and the Fear Trade are fueling gold, and what he looks for in companies to be part of the Gold and Precious Metals Fund (USERX) portfolio.


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Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.

Total Annualized Returns as of 6/30/2014
Fund One-Year Five-Year Ten-Year Gross Expense Ratio Expense Ratio After Waivers
Gold and Precious Metals Fund (USERX) 15.69% -4.59% 6.09% 2.12% 2.06%

Expense ratios as stated in the most recent prospectus. The expense ratio after waivers is a voluntary limit on total fund operating expenses (exclusive of any acquired fund fees and expenses, performance fees, taxes, brokerage commissions and interest) that U.S. Global Investors, Inc. can modify or terminate at any time, which may lower a fund’s yield or return. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. For a portion of periods, the fund had expense limitations, without which returns would have been lower. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund’s prospectus (e.g., short-term trading fees of 0.05%) which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS.

Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Because the Global Resources Fund concentrates its investments in specific industries, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.

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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Gold and Precious Metals Fund (USERX), World Precious Minerals Fund (UNWPX) and Global Resources Fund (PSPFX) as a percentage of net assets as of 6/30/2014: Atico Mining Corp. (USERX 1.03%, UNWPX 0.52%)); Avala Resources Ltd. 0.00%; Barrick Gold Corp. (PSPFX 0.02%); Coeur Mining Inc. (USERX 0.24%, UNWPX 0.24%); Comstock Mining Inc. (USERX 3.57%, UNWPX 2.12%);  Detour Gold Corp. (USERX 4.94%, UNWPX 1.85%); Dunav Resources Corp. 0.00%; Dundee Precious Metals Inc. (PSPFX 0.49%, USEX 5.15%, UNWPX 3.16%); Fortuna Silver Mines Inc. (USERX 1.14%, UNWPX 0.36%); Franco-Nevada Corp. (PSPFX 2.21%, USERX 2.45%, UNWPX 1.16%); Fresnillo Plc 0.00%; Goldcorp Inc. (USERX 0.07%, UNWPX 0.07%); Gran Colombia Gold Corp. (PSPFX 3.20%, USERX 5.54%, UNWPX 6.54%); Kinross Gold Corp. (USERX 0.14%, UNWPX 0.05%); Klondex Mines Ltd. (PSPFX 1.34%, USERX 6.58%, UNWPX 6.60%); Market Vectors Junior Gold Miners ETF (USERX 0.55%, UNWPX 0.55%); Newmont Mining Corp. (PSPFX 0.01%, USERX 0.12%, UNWPX 0.11%); Northern Star Resources Ltd. (USERX 2.50%, UNWPX 0.24%); Orex Minerals Inc. (UNWPX 1.27%); Osisko Mining Corp. 0.00%; Pretium Resources Inc. (UNWPX 3.07%); Randgold Resources Ltd. (USERX 2.09%, UNWPX 1.34%); Royal Gold Inc. (PSPFX 2.18%, USERX 3.14%, UNWPX 0.91%); Sabina Gold & Silver Corp. 0.00%; SEMAFO Inc. (USERX 3.27%, UNWPX 1.13%); Virginia Mines Inc. (UNWPX 5.48%)