Weekly Prices
Due to travel, HAI is limited to price performance only this week. HAI will be back with full commentary next week.
Weekly performance: The S&P 500 was down 0.30% this week. Gold was up 1.06%, while the price of silver gained 2.27% on the week. Platinum was up 0.85%, while palladium diverged from the rest of the PM complex, losing 2.26% on the week. The HUI gold miners index was up 3.40%. The IFRA iShares US Infrastructure ETF was lower by 0.42% for the week. Energy commodities were higher again. WTI crude oil gained 6.24%. Natural gas gained by 8.84% on the week. The CRB Commodity Index was up 3.67%, while copper was up modestly by 0.23%. The Dow Jones US Specialty Real Estate Investment Trust Index was down 2.69% on the week, while the Vanguard Utilities ETF (VPU) was off by 1.00%. The dollar was lower this week by 0.58% to close the week at 95.16. The yield on the 10-year Treasury increased by 2 bps to close the week at 1.78%.
Have a wonderful long weekend!
Best Regards,
David McAlvany
Chief Executive Officer
MWM LLC
