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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 are no changes to either the model portfolio or the buy ratings this week and last week’s gold market action is covered in great detail in both the regular precious metals commentary and the following discussion topics:
The executive summary is as follows:
Broad U.S. equity markets reached new record highs before more disappointing economic reports were released later in the week that signaled another spring slowdown for the economy. Troubles in Europe appear to be far from over as wrangling over the Cyprus bank rescue and fresh concerns about Portugal gave investors pause. Now ten days after the shocking announcement of a massive new money printing effort by the Bank of Japan, the yen continued to weaken and stocks in Japan rose further.
Precious metals saw heavy selling after Goldman Sachs recommended shorting gold and reports indicated that most of Cyprus’ gold would be sold to meet the terms of the bank rescue. Economically sensitive energy products and base metals also sold off, but beleaguered agricultural products rebounded from the week before. For the week, the model portfolio tumbled 5.2 percent and is now down 12.1 percent for the year.
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2013-04-14 07:30:22
Source: http://timiacono.com/index.php/2013/04/14/the-weekend-update-is-now-available-2/
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