The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here. There will be no changes to the model portfolio or the buy ratings this week but, in the following discussion topic, there is a new installment in the ongoing series about why investing in gold still makes good sense:
The executive summary is as follows:
A U.S. government shutdown and a looming debt ceiling crisis resulted in surprisingly little movement in asset prices when all was said and done last week. Risk assets actually rebounded on Friday on no news from Washington as the U.S. dollar recovered from an eight-month low and the economic outlook suddenly became even murkier as the shutdown halted the release of important economic data.
The natural resource sector was again little changed overall as energy markets bounced back from selling the week before, but precious metals moved lower after a wicked sell-off on Tuesday. Bonds ended about where they began, China stocks rose, REITs fell, and mining stocks saw all too familiar outsized losses as the model portfolio fell 1.0 percent, now down 24.0 percent for the year.
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