Time & Money Review 11/16/07 – Gold Investors Reminded of the Laws of Gravity

Apparently, the laws of gravity still apply to gold.  Over the past 4 1/2 months, gold has gone vertical tacking 30% onto its June low.  Before Gold investors could finish rewriting their new science books, they were treated to not one but two $30 down days.  Damaged for the week totaled 5.7%.  

Gold investors received a double whammy as they often invest in silver as well.  Silver fell 6.6% for the week.  How about a triple?  Gold equities as measured by the XAU Gold index sank 7.5% for the week.  That is just taking a joke too far.

Commodity investors could find no safe haven in Oil as it fell 2.5% for the week. 

Equity investors fared better as the stock market stopped the bleeding from last week’s drubbing.  For the week, the DOW, S&P 500 and NASDAQ closed up 1.0%, 0.3% and 0.4% respectively. 

The TTaMG portfolios had a tough week:

  • Fab 4              -1.9%
  • BBO               -4.2%
  • BRIC               1.5%
  • Real Money     -5.3%
  • TBS                -2.2%
  • MDs Ag Play   -3.5% 

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