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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 12/14/2018

Global Resources Fund PSPFX $4.53 -0.09 Gold and Precious Metals Fund USERX $6.37 -0.07 World Precious Minerals Fund UNWPX $3.01 -0.01 China Region Fund USCOX $7.94 -0.13 Emerging Europe Fund EUROX $6.14 -0.08 All American Equity Fund GBTFX $23.78 -0.31 Holmes Macro Trends Fund MEGAX $17.96 -0.19 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change