 |
 |
| Real
Estate Investment Trusts |
Tokyo
NIKKEI |
WEEKLY
GLOBAL MARKET REVIEW
| August
1 to August 8 |
LAST
|
CHANGE
|
%
CHANGE
|
| Dow
Industrials |
10294 |
-
216 |
-
2.1% |
| SP500 |
1184 |
-
32 |
-
2.7% |
| Nasdaq
Comp |
1966 |
-
102 |
-
4.9% |
| TSE
300 |
7654 |
-
87 |
-
1.1% |
| Euro
Top 100 |
300 |
-
5 |
-
1.7% |
| FTSE
100 |
5477 |
-
68 |
-
1.2% |
| Nikkei |
12164 |
+
205 |
+
1.7% |
| |
|
|
|
|
Best US Stock
Sectors
|
| REIT's
(Real Estate) |
149.3 |
+
2.5 |
+
1.7% |
| XAU
Gold Share Index |
53.3 |
+
0.4 |
+
0.8% |
| Phili
Bank Index |
905.5 |
-
6.5 |
-
0.7% |
| S&P
Retail Index |
896.9 |
-
8.2 |
-
0.9% |
| Forest/Paper
Products |
338.9 |
-
4.1 |
-
1.2% |
| Put/Call |
82 |
+
24 |
|
|
Currencies
|
| US
Dollar Index |
116.55 |
0.00 |
0.0% |
| Dollar
/ Euro |
112.91 |
-
0.70 |
-
0.6% |
| Dollar
/ Yen |
123.31 |
-
0.79 |
-
0.6% |
|
Commodities
and Gold Ratios
|
| CRB |
200.20 |
-
1.10 |
-
0.5% |
| Crude |
27.54 |
+
0.77 |
+
2.9% |
| Gold
(vs dollar) |
267.90 |
+
0.50 |
+
0.2% |
| Gold/Silver |
64.55 |
+
1.33 |
+
2.1% |
| Gold/Oil |
9.73 |
-
0.26 |
-
2.6% |
| Gold/CRB |
1.34 |
+
0.01 |
+
0.8% |
Though it might change one thing:
We're looking
for Gold, Grain prices, and the Energy complex, to lead the CRB
out of its corrective phase, and to confirm the July 10th dollar
reversal. A quick move past the 210 handle ought to be enough
to rally the bulls - Ed Bugos
We said that twelve days ago. Thank
the spirit of Mises that we didn't say Palladium, or something.
Jumpin' Joseph, what a nightmare
it has been for the PGM's (platinum / palladium), and also for the
other metals, excluding Gold prices, which have been relatively
firm but choppy in trade.
 |
 |
| October
Platinum - 4 months |
September
Palladium - 4 months |
Still, since we are so bullish on
the CRB, the accelerating sell off in practically all of the metals
prompted a subscriber to ask us just why are Platinum/Palladium
going down, and whether we thought that the trend could reverse
itself?
Good question, we said, scratching
our heads… how the hell should we know? This is the GOLDenbar
report… just kidding Mark. As far as Copper, and some of
the other industrial metals go, we have already noted the sensitivity
of producers to energy costs, and have gone so far as to speculate
Phelps Dodge might be forced to shut down marginal production, particularly
if copper prices fall while energy prices rise.
I do not see any reason to change
that diagnosis. Furthermore, if oil and gas prices aren't about
to break out here then nothing is, except gold, which is always
possible of course.
 |
 |
| September
Crude - 6 months |
September
Gasoline - 6 months |
This is the first portion of a full
service investment letter, The Goldenbar GIC. Access to the full
version is available to subscribers. Would you like more info? YES
This week, in the GIC, the outlook
for stock markets, and...
- An analysis of the structure
of the PGM (Platinum Group Metals) market
- Brief discussion of the potential
impact of the Kyoto Protocol on the global economy and PGM demand
- Is Gold still outperforming the
stock market?
- An overview of the month's economic
news
- A well timed rumor, Rubin style
- Is this bull market simply exhausted?
The
GoldenBar Report
SUBSCRIBERS ONLY BEYOND THIS POINT
Sincerely,
Edmond J. Bugos
The GoldenBar Global Investment Climate is not a registered
advisory service and does not give investment advice. Our comments
are an expression of opinion only and should not be construed in
any manner whatsoever as recommendations to buy or sell a stock,
option, future, bond, commodity or any other financial instrument
at any time. While we believe our statements to be true, they always
depend on the reliability of our own credible sources. Of course,
we recommend that you consult with a qualified investment advisor,
one licensed by appropriate regulatory agencies in your legal jurisdiction,
before making any investment decisions, and barring that, we encourage
you toconfirm the facts on your own before making important investment
commitments.
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