Midas Fund Follows Gold to New Highs

I (RAH) have owned the Midas Fund (MIDSX), a precious metals managed mutual fund, for years. Currently MIDSX is at all-time highs.

As of September 30, 2007, its top ten holdings were: Golden Cycle Gold Corporation (GCGC), Agnico-Eagle Mines Ltd. (AEM), Randgold Resources Ltd. (GOLD), Lihir Gold Ltd. (LIHR), Gold Fields Ltd. (GFI), Impala Platinum Holdings Ltd. (IMPUY), Pan American Silver Corp. (PAAS), Miramar Mining Corp. (MNG),, Eldorado Gold Corp. (EGO) and Kinross Gold Corp. (KGC).

This volatile fund is best bought on price dips.

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Posted October 30, 2007.