As 2011 winds down, we’ll have to make some investing decisions regarding our phantom portfolio – should we sell any? buy any others? Time for the thinking to start.
For now, though, here’s our SWI report – the Swatch watch, which originally cost $50 and SFr50 in May 2010, now would cost $54.26. As for the big commodities, gold closed at $1711, all increase due to weakened dollar, according to Kitco.
Crude oil closed at $99.80 – still hovering. We keep hearing about having to buy foreign oil, but we aren’t doing that. Did you know the US is EXPORTING petroleum?
We know that’s hard to believe, so here’s a snippet from the linked item above: “The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.”
And, now for the MPI: We’re back to positive again!