SPI and MPI reports, plus a few commodities

Looks like we’re heading downhill again. Sigh. However, my Swiss watch which cost $50 a year and a half ago, would now cost $55.37 – much better than the $60+ the dollar devaluation had led to just a few weeks ago.

Metals aren’t doing well – gold closed below $1700, after being higher than $1900 for a few glorious moments a few weeks ago. How things can change on a dime, eh? OTOH, petroleum is a great $79.96 per barrel – which is translating into better prices for gas – a boon for struggling commuters.

Silver really went into the tank, closing at $30.051 a troy ounce. As the WSJ put it:  “It was silver’s worst dollar-decline since 1980, the year the Hunt brothers of Texas were forced to liquidate their silver positions after attempting to corner the silver market. At the time, silver tumbled from a record $41.50 to around $12 in just three months.”

These metal price changes can be brutal.

Finally, there is our Model Portfolio. Talk about brutal! Without further comment, here it is:

Symbol Price Change
73.86 -0.04 -0.05%
90.01 -0.16 -0.18%
62.51 -0.36 -0.57%
67.42 -0.40 -0.59%
154.27 -0.22 -0.14%
10,771.48 +37.65 +0.35%
Total (USD) $4,510.36 -11.98  -0.26%
Cumulative  -735.27  -14.02%
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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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