Market Summary

This weeks market summary will serve as a good reference point which to look back upon as we are in the middle of the current financial crisis. Compared with the last market summary right off the bat I can see that gold has gone from flat for the year to being up 2.10% and has traded places with the Russell 2000 index which was slightly up for the year last time to being down 6.47% now. In fact gold and the Russell seem to go in opposite directions as seen by their respective moves over the last 4 weeks: gold is up and the Russell down both by 5%. Perhaps these two could be used to create an indicator for the direction of the markets. Click on table to enlarge.