Can’t believe it’s Friday again. So, here’s the SWI: $53.33. The Swiss Franc has been bouncing around lately, battered by the European mess. The Swiss National Bank chief executive must feel like the captain of that vessel in The Perfect Storm.
Gold is back up over $1600 by 30 cents? What? Yep, while some of us weren’t watching and others were listening to the radio ads telling us that gold prices have skyrocketed, the reality is that gold prices have been falling for the past couple of months, down to $1581 from a high of just more than $1900. Oh, well…
Silver is almost back up to $30. Darn. These metals, that experts and doomsayers had been so positive about, just aren’t doing very well at all, are they? Of course, you realize that as soon as IFO makes fun of a market, it changes course.
We will tell you that stock prices of companies like the ones below, solid, long-time dividend payers, will not go to zero any more than metal prices will. Just don’t expect to make a fortune, in spite of what you see in the promotional newsletters.
Are you making your picks for your own pretend portfolio? We’ll start in a couple of weeks – first of January.
Here’s our MPI – also bouncing around, but remember, we started about seven months ago with about $5,246 in play money and we earned some dividends. So, if we hadn’t sold our “stock,” we would have had an income stream and 50 shares of common stock in great companies.