Our dividend indicator – the Swiss company, Novartis, has declared an annual dividend of SFrs 2.25. Since the board declared that amount, we have been watching the dollar fall as the USD payout increases. Today, the amount is $2.49! Last week, it was ‘only’ $2.45. This in just one week.
Let’s look at commodities: Gold: $1773 (up from a week ago) ; Silver: $35.41 (up); and Oil: $109.62/bbl (up).
You may be surprised, then, to learn that the Model Portfolio Index is down from $5659.80 last week, though, of course, it is still up for the year: