Who “Controls” The [HUI] Amex Gold Bugs Index?
This page is to help determine who really controls the 15 companies listed in the AMEX GOLD BUGS INDEX, or HUI. It was a lot of work, but it turned out very interesting. I can’t help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then. “Control” of the HUI – (Total Percentages Divided By 15) Barclays UK and “Associates”10.5700% Fidelity Management & Research Corp.3.0520% Capital Research And Management Company1.6840% Mackenzie Financial Corporation1.2747% Amvescap Plc1.2447% Van Eck Associates Corporation1.0373% All other firms average less than 1% (See tables below) The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at “frantic” pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To “own the eart
