Last Friday’s gain in Oil carried through, as Oil was up nearly 4% for the week. Interestingly, when Oil traders are in a good mood – it spills over to the other commodities. For the week Gold, Silver and Copper were up 2.3%, 3.5% and 4.8% respectively. If Gold can close over $650 this week – we could be off to the races.
The general markets struggled with the DOW, S&P 500 and NASDAQ all closing down 0.6% for the week. It was quite pleasing to see Gold stocks up, while the general markets down. There is always the fear that as the general market trades down so will the gold stocks. It is the throw the baby out with the bath water syndrome. It doesn’t make sense, but it happens.
So how did our stocks do this week?
The Fab Four from the article “The Commodities Bull Market is Back” was up 3.9% for the week. It was paced by gains of 7.2% and 5.0% from PCU and HBM respectively. The Fab Four is the first of our portfolios in the black for the year. It is up 2.1% vs. 0.3% for the S&P 500.
Here are the rest of the regulars:
SOX – Semiconductor Index
CEF – Gold and Silver Bullion ETF
GDX – Gold Mining Stocks ETF
GLD – Gold Bullion Exchange Traded Fund (ETF)
PHO – Water Resources ETF
USO – Oil ETF
BBO (Big-Build Out) – basket of 12 stocks critical to the industrialization of BRIC
BRIC – basket of 4 country ETFs: Brazil, Russia, India and China
Refer to the following links for more information on above stocks.