Commodity ETFs Show Muted Downturn This Week
11/20/2010 0 comments
Commodities will play an increasingly important role as we climb out of the recent market mayhem and inflation becomes a reality. We track detailed weekly commodity trend movements.
Jeremy Grantham mentioned his belief that commodities will be a pressure point going forward.
All the indices have been on a downward trend and commodities follow suit. However, the amount they are down is less than other indices.
|
Description |
Symbol |
15-Nov |
Direction |
8-Nov |
|
Silver |
(SLV) |
26% |
v |
34% |
|
Precious Metals |
(DBP) |
12% |
v |
17% |
|
Gold |
(GLD) |
9% |
v |
13% |
|
Base Metals |
(DBB) |
9% |
v |
13% |
|
Agriculture |
(DBA) |
8% |
v |
14% |
|
Commodity |
(DBC) |
6% |
v |
10% |
|
Energy |
(DBE) |
2% |
v |
3% |
|
US Oil |
(USO) |
1% |
v |
3% |
|
Natural Gas |
(UNG) |
-19% |
v |
-18% |
click to enlarge
Silver drops below gold and precious metals. Gold has the most muted response with its dual role as currency backup and precious commodity to which people move in times of financial turbulence.
Energy and oil drop significantly as consumption may drop and natural gas continues its recent consistent decline.
Last week was a shock across the board, we have seen that commodities have been the least impacted and next week, we will see if there is any sort of rebound.
labels:investment,
Symbols:AGG,BND,CIU,CSJ,DBA,DBB,DBC,DBE,DBP,EEM,EFA,GLD,GSG,HYG,ICF,IEF,IWM,IYR,JNK,LQD,MBB,MDY,MUB,PHB,QQQQ,SHV,SHY,SLV,SPY,TLT,UNG,USO,VEU,VNQ,VWO,
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