Midas Funds

Midas Funds

  • 11 Hanover Sq 12th Fl
  • New York, New York
  • 10005-3452

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Description

Midas Fund ’s current strategy is to focus on higher quality senior and intermediate producers of precious metals and other natural resources, including energy. After reaching a recent high of over $1,380 per ounce, gold prices have drifted lower into this period of typically lackluster performance, as traditional jewelry manufacturing demand softens. Midas Fund has anticipated these trends by eliminating borrowing through sales of portfolio companies with leveraged balance sheets and high costs of production, and raising portfolio cash levels to approximately 9%.

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