We don’t usually report on gold and petroleum prices, but couldn’t resist during this rather depressing financial week. So, gold hit a new high of $1,629 per ounce, up $12.80 in one day! But oil is down to $95.86! Housing is still down. Unemployment is edging up again … but no worries – Everybody Loves Obama.
Meanwhile, our Swiss watch which cost $50/SFrs a year and two months ago, is now “worth” $62.46900 – another new high and 2 percent increase in one week. It is still running, too. It’s a great watch – it has a second hand and real, Arabic numbers.
As you can see the dollar is crashing. Last week, the SWI ended at $61.245. And now for the Model Portfolio report – more depressing news. $353 in the hole, compared to down from a much more reasonable loss of $83 last week.
Another interesting metric is that our portfolio was down more today than the Dow, or DJIA.