Markets are sick, sick, sick

It’s an ill wind… blah, blah, blah. In spite of the stock markets of the world declining seriously this week, not all is lost. When times are weird like this, there actually is a divergence in price movements among various commodities and share prices.

Gold has jumped up to $1623.80 per oz, silver went up to $28.53. Petroleum prices plunged 3.8% to a mere $83 per bbl. The dollar has become stronger – more valuable. Sfr 50 now equals just $ 51.31. The dollar had gone up to about $55 not too long ago. So, see?

The monkeys aren’t too happy, though.

Model Portfolio

Symbol Price Change
31.17 -0.71 -2.23%
30.70 -1.35 -4.21%
38.54 -0.65 -1.66%
72.70 -1.41 -1.90%
99.65 -3.79 -3.66%
Total (USD) $5,455.20 -158.20  -2.82%
Cumulative                                 393.20  7.77%
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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
This entry was posted in Basics, Market Indexes and tagged , , , , . Bookmark the permalink.

One Response to Markets are sick, sick, sick

  1. everythinghk says:

    As a precious metal investor……best I can figure out is that we’re in a deflationary period in the world economy. Once the SHTF for the Euro, we’ll continue to see commodities trickle down. Once Europe is forced to stimulate their economy or the Euro goes to par with the USD, then you’ll see commodities take off like a rocket in what would be close to hyper-inflation.

    The only reason why I think this is going to happen is that agricultural farms and ranches are being snapped up as fast as possible by the Chinese and other wealthy individuals. Land ownership is back in a big way!

    HK

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