Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
Last week, we noted that gold’s price consolidation had completed a “pennant” formation.
Some of you may be surprised at how the Dow is performing compared to the other major stock market indexes—not only this year, but also over the past one year and three years.
The major indexes posted losses last week. The NASDAQ finished the week down 4.60%, the S&P 500 lost 2.51%, the Dow Jones Industrial Average was down 1.66%, and the Russell 2000 small-capitalization index lost 2.48%. The 10-year Treasury bond yield fell 5 basis point to 0.67%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,940.55, up 0.34%.
“Fiddler on the Roof” is one of the most enduring musicals written. It first previewed here in Detroit in 1964, and I’m sure regional or touring companies will continue performing it in the future for many years to come. And, of course, the movie version is always available!
Gold closed last week at $1,947.90 per ounce.