The Weekend Update is Now Available
The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here. There were no changes to the buy ratings but there will be one change to the model portfolio and the subject of gold stocks and silver ETFs are examined in the following discussion topics:
The executive summary is as follows:
Growing concern over negotiations in Washington aimed at avoiding the “fiscal cliff” combined with dismal economic data around the world (including in the U.S. where some of the reports were affected by Superstorm Sandy) to push “risk assets” lower and U.S. stocks racked up their sixth straight week of losses as the trade-weighted dollar strengthened.
Overall, commodity prices were little changed but natural resource shares followed the broad stock market lower, mining stocks seeing their biggest weekly losses so far this year. Gold and silver prices saw only modest declines, hanging on to solid year-to-date gains, as the model portfolio tumbled 2.1 percent, now up 6.1 percent for the year.