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Marcia Merrill is back with me to explain why is fun performance is down but his optimism out of the commodity market is actually -- so your fund is down about 30% of the the last year but you're still optimistic -- Well we're definitely optimistic in the fund has had had great years of 20092010.
And today it's been -- more recently because the stocks in the research companies.
While incumbents -- this not only resource company fund we have a lot of research companies.
And the stocks are down and they've trailed the commodities we think that.
They the stocks will catch up to the commodities such as gold.
And the fund will do well.
Merger -- -- -- 2000 dollars an ounce that was earlier on in the show but what about other commodities and what about the miners we have a lot of analysts like come on and fund managers and say that they play the miners.
Instead of playing the commodity.
Yes and that said that's what the encompass fund which is a mutual fund invests in stocks and we're investing in the mining companies the ones that are.
Exploring for the different commodities and producing it.
And yeah -- it's a tough business but that's also what creates the opportunity we're looking for long term.
With a encompass fund so we're not we're not traders were not looking to do something for today or tomorrow but -- longer term and we think.
Not only for gold but for various other commodity -- copper strategic metals.
Some of the Energy East areas you.
Also told me something you're timing of write about and Simeone and it's something that I had not actually it was a new way to invest in -- new play it.
What is -- money how to play to -- Well the Fed and the primary way to play -- ammonium it say you know large holding in our findings United States ceremony which is a company.
Very recently listed on the American -- which is what was the -- now the New York Stock Exchange markets.
And it produces.
Minds and produces -- ammonium Mexico.
And -- sit in smokers it.
-- -- monies used in a variety of our products it's a flame retardant used in various fabrics.
-- used deference -- military purposes and juices are hardening.
In ammunition it used in a fluorescent lights.
And so it's got our.
-- mostly comes out of China but this is a way to play it.
Well -- mostly comes out of China but for the users.
Such as General Electric and -- and the government's outside of China -- to have a supply.
That's not in China.
In United States and -- money provides that request you also like Chesapeake if you wanna get that into -- yours yet we -- -- and we think that mean natural gases.
Bottomed in Chesapeake which is -- -- controversial stock.
-- but has a lot going for not the least of which is it's new -- incoming new management and leadership and in leadership and -- new significance thoughtful they have some -- PR but you're right that's -- -- leadership -- Chesapeake will -- thank you very much for being on the -- -- barrel -- -- of the encompass.
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