The results are in, and the best performing investment for 2009 was … Copper. Huh? Yep, the ol’ base metal copper clocked a gain of about 129% in 2009 according to Stockcharts …
The bottom two lines on the chart are the S&P 500, topped ever-so-slightly by the CRB Index. Then gold at 24.67%, then a big jump to silver at 46.82%. Oil did very well — up 71% — and then there’s a big leap again to copper. Copper got a burst at the end from concerns about supply with a strike brewing in the mines of Chile, but it had a great year even without that.
Not all stocks lagged commodities — Stockcharts reports that the tech-heavy Nasdaq Composite gained 39% in 2009, and the cream-of-the-tech Nasdaq 100 gained 47.2%. And some commodities lagged — wheat and natural gas both ended the year down, and live cattle was flat.
But now the question is, what will lead in 2010? I have some ideas, and I’ll be dishing them up for subscribers to my premium services, and my new Resource Income Hunter newsletter, very shortly.
Related Posts
- A Big Cru-u-unch in Copper! (01/28/10)
- Chart of the Day — Copper (03/15/10)
- Looks Like the Copper Correction Is Over (02/19/10)
- New MaM Video — 1 Winner and 1 Loser (06/20/09)
- 3 Big Investment Winners Gearing up for 2010 (10/31/09)
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copper destroyed gold, and all we ever hear about is gold! why?!