Market Recap: Of Silver and Centipedes

• Joshua M Brown
• May 29th, 2009

The Reformed Broker, AKA Goldie Hawn here with today's Market Recap...

When they write the book on May of 2009, they won't be talking about General Motors' (GM) long-overdue bankruptcy, they'll be talking about the raging, historic rally in commodities.

Here's a quick glimpse at this month's Silver run (the biggest monthly percentage gain for the white metal in 22 years) via the June 2009 contract:

And we certainly can't forget about Crude Oil's explosive move, the largest gain in a month since he early-70's:

 

This really was one hell of a month for the hard assets crowd.  I talked about the silver market and ways to play it in a post earlier this month, but never believed it would move up this quickly.

Flattish day for stocks today, with the exception of commodities-linked names (which were the belles of the window-dressing ball today).

Above is a video from one of my new fave sites, OldJewsTellingJokes.com.  Yeah, there's a site for everything now.

Thanks for reading TRB this week, tune in tomorrow for Hot Links!

G'night!

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

blog comments powered by Disqus