Saturday, June 18, 2011

Major Markets Weekend Update

Oil and commodities were down big last week while the US Dollar was slightly down. This is unusual because they generally are inversely correlated.

The stock market finally broke its 7 week loosing streak but did so with a very whimpy gain of just +.04%.

Gold is beginning to shine once again.

Last Weeks performance

S&P 500        +.04%

Silver              -.90%

Gold              +.48%

Oil                - 6.5%

US Dollar     +.22%

CRB Index  -3.56%    This is the commodities index

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