Market is still confused – or volatile, as the experts say. Gold bounced around the entire week and closed at $1,575.60 per oz. Silver did the same, and closed at $28.53 per oz. Crude oil, also pretty bouncy this week, closed at $90.72. So, explain to us again why gasoline prices have gotten so high?
Did we ever tell you we met a man at a local motel about five years ago who said that a few years prior he had been a PR guy for an Oregon oil company. The press called him and asked the same question we just did above.
“I had to think fast,” he related. He actually had no idea, but needed an answer and being the great PR guy he was, it popped into his head when needed. “The refineries are making the changeover from winter fuel to summer fuel,” he said. We’re still getting that answer years later, though “fire in the refinery” or “maintenance at several refineries” are sometimes swapped in. Just remember: He Made It Up.
Once again, the little monkeys are unhappy. Without further ado, we present our Model Portfolio Index: