While the major market averages languished in November, precious metals soared. The trend is evident in the list of the month's best-performing open-end stock mutual funds.

Nine of the 10 top-performing open-end stock mutual funds -- as calculated by TheStreet.com Ratings from Oct. 31 to Nov. 28 -- focused on precious metals investments.

In November, the spot price of silver rose 4.6% to $10.30 an ounce, platinum climbed 7.1% to $881.50, and gold gained 12.9% to $818.05. And as the Philadelphia Gold & Silver Index climbed 25.58% that month, the 150% leveraged

ProFunds Precious Metals UltraSector ProFund

(PMPIX) - Get Report

made the most of the bounce in prices.

Index member standouts in the period were

Agnico-Eagle Mines

(AEM) - Get Report

, up 36.20%;

Barrick Gold

(ABX)

, up 30.49%; and

Goldcorp

(GG)

; up 44.65%.

However, one non-metals fund topped the other nine metals funds. The

Monteagle Informed Investor Growth Fund

(MIIFX)

is a new fund with $6.96 billion in assets. The funds's 36.73% rise helped it to regain back much of its losses since its April 4 inception.

Four of Monteagle's five largest holdings are inverse, or short, exchange-traded funds that are 200% leveraged. They include

ProShares UltraShort Oil & Gas

(DUG) - Get Report

,

ProShares UltraShort Russell2000

(TWN) - Get Report

,

ProShares UltraShort QQQ

(QID) - Get Report

and

ProShares UltraShort S&P500

(SDS) - Get Report

.

On the bullish side of Monteagle's equation is a 40.6% allocation to biotechnology stocks, led by

Myriad Genetics

(MYGN) - Get Report

,

Genentech

(DNA)

and

Amgen

(AMGN) - Get Report

.

For more information, check out an

explanation of our ratings

.

Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.