Week ending Feb. 07, 2009
Markets have generally stabilized for the moment showing some short term gains. Gold prices on the other hand, may be ready to hit the magical $1000 an ounce mark and possibly set new records in the near future. Driving the price of Gold higher are fears of surging inflation and the expectations of a weaker U.S. dollar. Investor interest in this precious metal seems to be on the upswing and is considered a relatively safe haven portfolio investment in these times of economic instability.
Marketplace:
Dow 8280
1 week ago 8000
1 month ago 8780
TSX 9008
1 week ago 8694
1 month ago 9085
Gold $914.30
1 week ago 906.70
1 month ago 857.20
Silver $13.16
1 week ago 12.41
1 month ago 11.46
Platinum $989.00
1 week ago 979.10
1 month ago 941.40
Palladium $213.35
1 week ago 198.45
1 month ago 192.30
Oil $40.17
1 week ago 40.08
1 month ago 41.08
Nat Gas $4.77
•Best Performance Mutual Funds:
1 month: Precious Metals Equity Funds.
3 month: Precious Metals Equity Funds.
•Worst Performance Mutual Funds:
1 month: Financial Service Equity Funds.
3 month: Financial Service Equity Funds.
Note: Not currently invested in any of the above listed funds.
•UDATES WILL BE PUBLISHED•
…..Doug T
