Week in Review 12/8 – Gold Down $20
miked | Dec 10, 2006 | Comments 0
With only one down week in the past eight, Gold was over due for a downer. In typically Gold fashion, it went down with a bang - giving up 3% for the week. Its volatile commodity companion oil followed its lead; closing down 2% for the week.
If you can handle the volatility, commodities and emerging markets have been the place to be this year: BRIC +40%, CEF +39%, GLD +20%. Financial Advisors and Brokers are still for the most part clueless about commodities. Fortunately it has been a very respectable year for the broad indices: DOW +15%, S&P 500 +13% and NASDAQ +10. So, most of your year-end returns should be around +10% minus of course fees. If they are not; find a new advisor. Better yet become your own and start buying commodities.
The Fab Four from “The Commodities Bull Market is Back” is doing what all good stocks should do – go up. The Fab, as a group, was up 1.1% for the week. New leadership emerged, as PBR took the reigns finishing up 4.6% for the week.
Here are the rest of our regulars:
| WEEK | YTD | |
| DOW | 0.9% | 14.8% |
| S&P 500 | 0.9% | 12.9% |
| NASDAQ | 1.0% | 10.5% |
| SOX | 0.7% | -0.4% |
| GLD | -3.2% | 20.3% |
| GDX | -2.5% | |
| CEF | -2.9% | 39.5% |
| USO | -2.7% | |
| PHO | 1.9% | 21.8% |
| BRIC | 2.0% | 40.0% |
| BBO | 2.0% | 41.9% |
SOX – Semiconductor Index
GLD – Gold Bullion Exchange Traded Fund (ETF)
GDX – Gold Mining Stocks ETF
CEF – Gold and Silver Bullion ETF
USO – Oil ETF
PHO – Water Resources ETF
BRIC – basket of 4 country ETFs: Brazil, Russia, India and China
BBO (Big-Build Out) – basket of 12 stocks critical to the industrialization of BRIC
Refer to the following links for more information on above stocks.
Filed Under: Portfolio Update
