Wow – 12th down day out of 13 days of the stock market. And sure enough, our own index is down. In fact, we just caught sight of the monkeys at the Coconut Bar weeping and drowning their sorrows. And they had been so happy just a few weeks ago!
Since world currencies are weakening, the US Dollar is starting to look better. We’re all going down in the same boat, is what it is. The Swiss watch that used to cost $50 and SFr 50, now would cost $53, but just yesterday that was down to $52 and some change. It had been as high as $55 not long ago this year.
Gold recovered a bit, quite a bit, actually up almost $18 to $1592 per ounce. Silver did the same – up to $28.72 per ounce, up 67 cents and twice the percentage increase as gold. Crude oil is down to $91.33 per barrel. It appears that commodity prices may no longer be moving in sync.
And now to the crying monkeys and their Model Portfolio Index: