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Tag Archives: silver

Dec 5, 2023

Gold Hits All-Time Highs and DJCI Silver Tops 10% in November

“Silver and gold, silver and gold, Everyone wishes for silver and gold.” -Burl Ives My all-time favorite stop-motion animation show was the 1964 TV special Rudolph the Red-Nosed Reindeer, narrated by Burl Ives. Playing the role of Sam the Snowman, Ives sang “Silver and Gold,” paying tribute to the work of Yukon Cornelius, a prospector…

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Nov 8, 2023

Material Change in a Material World

As our climate changes, so do our ways of producing and consuming energy. A global effort is underway to replace fossil fuels with renewables in our energy matrix.1 This planned energy transition’s speed, scope and scale of impact on the global economy is unparalleled in our history.2 North America’s unique position of contributing nearly 18%…

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Oct 2, 2023

Diversifying Commodities Rise 16% in Q3 2023 as Equities Drop

Commodities, as represented by the S&P GSCI, rose over 4% in September and 16% in Q3 2023. This highlighted the potential diversification qualities of this asset class, as equities and fixed income both fell during the month. Commodities’ low correlations to other asset classes can provide a cushion when other higher-allocated asset classes drop during…

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Aug 1, 2023

Hot Temperatures and a Hot Start to the Second Half of 2023 for Commodities

The S&P GSCI, the broad commodities benchmark, started the second half of the year in a blistering heat wave and rose 11% on the back of petroleum commodities, which all increased by more than 14% in July. The remaining four sectors within the S&P GSCI also rose during the month, as fears of a recession…

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Apr 3, 2023

The “Devil’s Metal” Vanishes, Precious Metals Shine and Energy Dims: Commodities Quarterly Wrap

“Jamie ran on down to the LME, but the devil caught him there, He took Mr. Dimon’s Nickel bags and vanished in the air, Set out running but I’ll take my time, A friend of the devil is a friend of mine” -adaptation of Grateful Dead’s “Friend of the Devil” Just one year after the…

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Mar 1, 2023

Commodities Could Not Escape the Sea of Red Seen Across Asset Classes in February

The S&P GSCI, the world’s leading commodities benchmark, could not escape the volatile markets experienced in February, as the index fell 3.83% for the month. Despite recent declines, inflation remained high, which kept the U.S. Fed steadfast in its rate-hiking campaign, and expectations for a possible easing by year-end 2023 were squashed in the latest…

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Sep 1, 2022

Commodities Take a Break over the Northern Hemisphere Summer

The S&P GSCI fell 2.7% in August; renewed strength in agricultural commodities and the continued rally in natural gas were not sufficient to overcome a late-month decline in oil prices. After eight months, the benchmark commodities index is 32% higher YTD, defying higher interest rates and growing fears of a prolonged global economic slowdown. The…

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Aug 1, 2022

Commodities Rise 36% in 2022 after a Flat July

The S&P GSCI remained flat in July, holding on to a 36% YTD gain despite the bearish sentiment permeating the broad financial markets. This benchmark for world commodities has proven its merit during extremely hot inflation. The Fed hiked interest rates another 75 bps to fight inflation late in the month, but several factors across…

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Dec 1, 2021

Energy Markets Tumble in November

The S&P GSCI, the broad commodities benchmark, declined 10.8% over the month. The poor performance was driven almost exclusively by a major correction in energy prices, as the discovery of the Omicron COVID-19 variant cast a lengthening shadow over demand growth, added further complications to global supply chains, and dampened economic growth forecasts. The release…

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Feb 1, 2021

Commodities Start the Year on the Front Foot

The headline S&P GSCI rose 4.9% in January, as the industrial portion of the global economy continued to bounce back from the first wave of the COVID-19 pandemic and lockdowns in 2020, and the prices of many agricultural commodities spiked higher on the back of record demand from Asia and the growing risk of grain…

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