| There is a long-term, buy-and-hold case for natural resources equities. The man who runs this summer’s best-performing large US mutual fund did a smart thing at the start of the year. Shanquan Li, manager of the Oppenheimer Gold & Special Minerals fund, switched out a large holding of gold, which he owned through an exchange-traded fund, for stakes in some of the world’s big gold mining companies.
As the gold price rose, those mining shares rose by even more. Between the Memorial day and Labor day holidays, when gold was up 9.3 per cent, Mr Li’s fund was up 27.4 per cent...............................................Full Article: Source
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