Thursday, December 31, 2009

charts of the Precious Metals Complex Basket

in the previous post I introduced the Precious Metals Complex Volume Weighted Basket (PMC). here is a chart of the PMC dating back to 2/1/08:

and here's the same, only log scale:

the PMC doesn't look hugely different than a mining stock index like the HUI, even though the PMC has a sizable bullion component (GLD makes up a little over 1/3 of the PMC right now).

I'll analyze the PMC data more thoroughly in the near future (and likely in the newsletter). also I'll post the daily closing value of the basket in the 'Index Data' posts for now on. it'll replace the 'T&V Gold Stock Index' which I haven't found very useful anyway.