Market indexes and commodity price changes

The market took a breather today after a really great 4-day run up. The DJIA is down 120.79 but up a total of 120 for the week, closing at 12,822.

Gold closed up a smidge today to $1584 per oz. Silver also went up a bit, to $27.33 per oz. Checking out Jesse’s Cafe Americain, one can see quite clearly that neither “precious metal” is anywhere near its highs – any of them. They both appear to be desperately, but unsuccessfully, trying to dig themselves out of their little holes.

We just had a phone conversation with a friend who is way smarter than we are, so she’s buying more silver, since in her (advisor-moderated or advertising-moderated) opinion is poised to pop. We advised her to look at Jesse’s blog, but she blew us off. Okay. Fine.

Meanwhile, crude oil was down to $91.56 per bbl. Other financial geniuses of our acquaintance are convinced that oil is hitting new highs as its price as well as pump prices are cunningly manipulated by evil … trolls? To us, the price movements look pretty random, but what do we know?

We simply can’t understand why people prefer to have opinions without looking at the evidence.

And now, ta-da! for the Model Portfolio Index, the MPI. Notice that we are now up almost 15% for the year. Not too shabby. Also, even though the MPI is down, it has, once again done much better than the DJIA.

Model Portfolio

Symbol Price Change
27.00 -0.29 -1.06%
33.81 -0.34 -1.00%
41.61 -0.21 -0.50%
74.23 -1.59 -2.10%
113.85 +1.89 +1.69%
Total (USD) $5,810.00 -10.80  -0.19%
Cumulative                                748.00 14.78%

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.
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