Sunday, July 13, 2008

Analysis for Gold, Crude Oil and US dollar.

Political tension and falling US dollar pushing crude oil to new all time highs every week. Cumulative return for crude oil since the beginning of 2000 is 696.6% which gives annually return 25.9%. It is the commodity with the highest performance. Just for comparison NASDAQ return is 21% and S&P 500 with 19.5%.
Another winner in the current market is gold. All these financial turmoils attract attention to gold as a hedging asset. For the same period gold return is 183.3%.

This video analysis show correlation between US dollar, gold and crude oil. All these three makes current market like vicious spiral.

Related tickers: (GLD), (OIL), (QQQQ), (SPY), (UUP), (UDP),

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