JohnSmith

John Hussman Turns Bullish On Gold

Mr ballsschweaty,

While the HSGFX price has gone nowhere for 4 years, if you adjust it for the dividends and capital gain distributions that the IRS forces mutual funds to make, there has been a 17.9% gain over that time
($15.59 today / $13.22 adjusted Jan 04 = 1.179). This is the same as 4.2% annualized.

While this is lack-luster, the prior 3.5 years (since inception) were stellar, and the goal of this fund is to produce outsized returns over the "full market cycle [which] comprises a bull market and the subsequent bear market, or vice versa." See Hussman's Feb 5 '07 commentary. The past four years qualifies as neither bull then bear nor vice-versa.