Tag Archives: DJCI

Commodities Return Best 3-Months Since 2009

Commodities are starting summer hot and early. Ending May, the Dow Jones Commodity Index (DJCI) was flat, but the S&P GSCI gained a total return of 2.2%, making it the third consecutive positive month for the index. This is the first time commodities have gained three months in a row since the period ending in Apr. 2014, and this is Read more […]

One Commodity Conundrum Despite 2nd Best April Ever

The Dow Jones Commodity Index and S&P GSCI total return indices gained 9.1% and 10.1%, respectively, in April. For the S&P GSCI, it was the best month in a year, and the second best April ever in history since 1970, only after last year’s April, when it gained 11.1%. Further, the S&P GSCI is up 15.5% since Feb Read more […]

Every Commodity Benefits From A Falling Dollar

For the first time since June 2014, the Dollar Spot Index yoy% was negative in March. That was one of the main reasons commodities had such a strong month with the S&P GSCI gaining 4.9% and Dow Jones Commodity Index (DJCI) up 4.0%. Since commodities are priced in US dollars, when the dollar rises, it Read more […]

The Commodity Catastrophe of 2015

2015 will go down in history as one of the worst years ever for commodities. The S&P GSCI Total Return lost 32.9%, posting its 4th biggest annual loss in history since 1970, and the Dow Jones Commodity Index (DJCI) lost 25.3%. Below are some notable statistics about what happened inside the indices: 2015 ended the S&P GSCI’s first 3-year consecutive Read more […]

November’s Worst Commodity Nightmare

Unfortunately for commodities, there’s no waking up from this nightmare. It’s real. Since 1970, the S&P GSCI has never seen a Nov. with as many as 21 negative commodities. After a glimmer of hope in Oct., only 3 commodities, sugar, cotton and cocoa are on track to be positive in Nov. In other words, for every Read more […]

WTI Reclaims No.1 Spot As The Benchmark Oil In 2016

S&P Dow Jones Indices today announced the composition and weights for the 2016 S&P GSCI and Dow Jones Commodity Index. The two indices have the same constituents by definition but the weighting methodologies are different. The DJCI is equally weighted with 1/3 of its weight to each sector – energy, metals, and agriculture and livestock, Read more […]

Commodities Post 3rd Worst Q3 Since 1970

The S&P GSCI Total Return lost 19.3% in the third quarter of 2015. This was the 5th worst quarter and the 3rd worst 3rd quarter for commodities in history since 1970. Historically worse quarters were: Q4 2008 (-47.0%,) Q3 2008 (-28.6%,) Q4 2014 (-27.7%,) and Q3 1976 (-20.2%.) In total, there have been 183 quarters where 67 were negative Read more […]

Is There A Doctor (Copper) In The House?

Copper, the most important commodity in the world, has earned the title of “Dr. Copper” for predicting economic health. Today, TD Ameritrade ran an article claiming Dr. Copper Is In, questioning whether copper hinted last year at the current slowing global growth. While prior research shows Dr. Copper is not so smart, copper is still Read more […]

Same-Sex Marriage May Boost Gold Price

It is well known that wedding seasons, especially in India, support gold prices, and although the tradition of gold embellishments is not as prevalent in the United States, wedding rings are a popular symbol of marriage. So, in light of the U.S. Supreme Court’s ruling on legalizing same-sex marriages in all states, how might this impact Read more […]

The Hottest El Niño Yet

Catastrophic weather events are happening now as we are experiencing deadly heat in India, floods in Houston, Oklahoma and Mexico, and the drought in California.  The ENSO (El Niño Southern Oscillation): Recent Evolution, Current Status and Predictions report prepared by the Climate Prediction Center / NCEP of NOAA (National Oceanic and Atmospheric Administration) stated on May 26, 2015 Read more […]