It’s Not Just About Gold

All the talk in 2009 has been about the weak dollar and how gold has performed.  In 2009, gold has certainly performed well, up 28%.  But, let’s look at how some other metals have performed.  It’s actually lagged.

Platinum +53% (Orange)
Silver +61% (White)
Copper + 115% (Green)

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4 Responses to “It’s Not Just About Gold”


  1. 1 mark November 19, 2009 at 9:48 am

    Couple of points:

    1) As sentiment improves/interest rates rise where will the money go that’s coming out of bond funds? I’d think alot into stocks as many will have courage to be greedy in search of some return.

    2) I don’t get the argument that no economy does good unless they have a strong currency. Thats not true for China. Also, thats same thing as saying the lakers in their yellow uniforms have won more championships than any other, thus all NBA teams should change their colors accordingly.

    3) Weak dollar + cheap natural gas is a HUGE advantage to US petrochemical companies that can now make exports

    • 2 keggerss November 20, 2009 at 7:12 am

      Mark,

      I don’t believe an economy has to have a strong currency to do well. But, your currency can’t fall at a very fast rate. A slippery slope (like the dollar) is what everyone wants actually. As far as money going out of bonds. I think the money will come out of bonds & stocks and get parked in the money market (or other alternative short-term instruments) & shorts on the market. Lastly, I agree that natural gas prices being low would be a huge advantage. I think gas is just too cheap.

  2. 3 larry b. November 19, 2009 at 10:45 pm

    So Karl, Moving forward which metals will lead the pack moving forward over the nest 18 months-2 years?

    • 4 keggerss November 20, 2009 at 7:10 am

      Larry,

      I think copper will still lead the way. If you notice, they’ve gone up according to their industrial uses. Copper is first and that makes sense.


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