Silver and Gold Continued to Shine While Other Commodities Largely Stable
12/19/2010 0 comments
Commodities were largely stable last week (see Commodities Trend Table on MyPlanIQ 360 Degree Market View).
Silver (SLV) remained to be at the top spot, though it is one of the most volatile commodities. Gold (GLD) was steady. Agriculture commodities (DBA), as what we have pointed out previously, continued its strong momentum.
The natural gas (UNG) was again a biggest loser in the week. Here is what U.S. Energy Information Administration had to say on natural gas price: "With cold temperatures gripping much of the country for the first half of December, the heating season is well underway with large storage withdrawals. Nonetheless, a trend of rising prices since Thanksgiving ended during this report week for most regions of the country. Following two weeks of increases, the price at the Henry Hub declined $0.24 per MMBtu to $4.22 and is now just one cent higher than its price at the beginning of December..."
One should pay attention to the severe drawback of some of commodity ETFs such as UNG and USO that suffer from so called 'Contango'. We are closely monitoring the situation to see whether we should switch to UNL and/or USL (using twelve month contracts instead of front month contracts) for the monitoring purposes.
Portfolios utilizing trends for commodity long/short investing (such as MyPlanIQ's Commodity Trend Indicator Strategy) started to stabilize in the second half of this year due to more stable trends. We will furnish a year end report on these portfolios.
| Assets Class | Symbols | 12/15 Trend Score | 12/08 Trend Score | Direction |
|---|---|---|---|---|
| Silver | SLV | 33.99% | 32.56% | ^ |
| Precious Metals | DBP | 13.45% | 12.32% | ^ |
| Agriculture | DBA | 12.3% | 12.54% | v |
| Commodity | DBC | 9.55% | 9.76% | v |
| Gold | GLD | 8.92% | 8.21% | ^ |
| Base Metals | DBB | 7.46% | 10.09% | v |
| US Oil | USO | 6.67% | 6.8% | v |
| Energy | DBE | 6.08% | 6.62% | v |
| Natural Gas | UNG | -18.5% | -7.66% | v |
labels:investment,
Symbols:SLV,DBP,GLD,DBB,DBA,DBC,DBE,USO,UNG,UNL,USL,SPY,QQQQ,IWM,MDY,EFA,VEU,EEM,VWO,IYR,ICF,VNQ,GSG,LQD,CSJ,CIU,HYG,JNK,PHB,TLT,IEF,SHY,SHV,BND,AGG,MUB,MBB,
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