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, up 36.20%; Barrick Gold ( ABX, up 30.49%; and Goldcorp ( GG - Get Report); up 44.65%.

However, one non-metals fund topped the other nine metals funds. The Monteagle Informed Investor Growth Fund ( MIIFX - Get Report) 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, ProShares UltraShort Russell2000 ( TWN, ProShares UltraShort QQQ ( QID - Get Report) and ProShares UltraShort S&P500 ( SDS.

On the bullish side of Monteagle's equation is a 40.6% allocation to biotechnology stocks, led by Myriad Genetics ( MYGN, Genentech ( DNA and Amgen ( AMGN.

Best-Performing Stock Mutual Funds in November
Fund (Ticker), Rating
Total Return November
Monteagle Informed Investor Growth Fund (MIIFX), U
ProFunds Precious Metals UltraSector ProFund (PMPIX), E-
Precious Metals Sector
OCM Mutual Fund - OCM Gold Fund (OCMGX), E
Precious Metals Sector
Evergreen Precious Metals Fund (EKWAX), D
Precious Metals Sector
DWS Gold & Precious Metals Fund (SCGDX), E-
Precious Metals Sector
Van Eck International Investors Gold Fund (INIVX), E+
Precious Metals Sector
American Century Global Gold Fund (BGEIX), E-
Precious Metals Sector
Fidelity Select Gold Portfolio (FSAGX), C-
Precious Metals Sector
Fidelity Advisor Gold Fund (FGDAX), E
Precious Metals Sector
USAA Precious Metals and Minerals Fund (USAGX), C-
Precious Metals Sector
Source: TheStreet.com Ratings & Bloomberg

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.