Tag Archives: precious metals
Reflecting on the Inflection Points of 2020
Last year might end up being known as the year of countless inflection points. Narratives that were playing out over months and years were accelerated or reversed with volatility not seen since World War II. Among commodities, there were new all-time highs hit in gold and new all-time lows that reached into negative territory for…
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Commodities Were Energetic in May
Bullish sentiment propelled the S&P GSCI higher by 16.4% in May, its best monthly performance in 11 years. The broad commodity index’s more than 50% exposure to energy was a key contributor to its performance. Energy led the way, with the WTI-based S&P GSCI Crude Oil up 55.0%, bouncing impressively off the lows in April….
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Strongest Annual Performance for the S&P GSCI Since 2007
The S&P GSCI ended 2019 up 17.6%. This was the S&P GSCI’s 10th-strongest performance since 1990 and its best annual return since the heights of the so-called commodity super cycle in 2007. Across the commodity markets, gains were driven by the petroleum complex and precious metals, while agriculture and livestock detracted from headline performance. Petroleum…
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Commodities – What to Watch for in 2020
In this blog post, we present five eclectic thoughts for commodity investors to ponder as we look forward to the New Year and the start of a new decade. S&P 500® versus S&P GSCI Similar to the 1990s, the last decade saw equities radically outperform commodities. Prior to that, the 2000s were more volatile, with…
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Commodities September – Short-Term Supply Shocks
Despite the largest one-day spike in oil prices since at least 1989, the broad commodities market only managed to climb modestly in September. The S&P GSCI was up 1.7% for the month and 8.6% YTD. The Dow Jones Commodity Index (DJCI) was up 1.4% in August and up 4.7% YTD. Rallies in the agriculture and…
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Palladium – All That Glitters Is Not Gold
Much has been made during recent months of the renewed interest investors have shown in gold on the back of growing financial market turbulence, a plethora of geopolitical flashpoints, and a string of economic releases that have fallen short of expectations. But gold has not been the shiniest precious metal this year; back in January,…
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Palladium, More Precious Than Silver, Platinum, and Gold
On March 5, 2018, S&P Dow Jones Indices launched the S&P GSCI Precious Metals, Platinum & Palladium Equal Weight to provide market participants with a reliable and publicly available benchmark for investment performance in the gold, palladium, platinum, and silver commodity markets. The index is equally weighted on a quarterly basis. What is the added…
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RECORD BREAKING MONTH: Commodities Love War and Heat
August was a hot month for commodities from the Syrian unrest and the heat. In the risk on – risk off environment created by the quantitative easing, the sentiment has shifted to risk off. While that is not good news for some economically sensitive commodities like copper, it is great news for others like precious…
- Categories Commodities, Uncategorized
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- Commodities, Uncategorized
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S&P GSCI Precious Metals Hits Lowest Since October 2010
On April 15, 2013 the S&P GSCI Precious Metals dropped 9.6% in one day, entering a bear market from the 2013 high occurring on January 23. Since then, the index has fallen further to hit its lowest level of 1733.52 since October 1, 2010 when it was at 1717.53. The precious metals index is down 20.1% YTD, and…
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