Present value of $1,000 investment nade January 4, 1993 minus fees and commissions. Rates reflect Wednesday close. Copyright 1993, The Meyers Report.
With the precious-metal ponies outperforming the rest of the pack, those players not panning for profit are left to ponder the reasons behind the panic. Silver is running at Secretariat speed, advancing from $1,209 to $1,344 during a short trading week. Easy come, easy go is this speculative steed's motto as he savors his sudden success. Gold Bullion also is looking great, as investors are really starting to dig his glimmering grandeur. At $1,157, Gold Bullion is the closest horse to the Silver streak. The 30-year T-bond is staying in the hunt, currently in third at $1,127. With the precious-metal ponies doing so well and rumors of inflation so rampant, it's surprising this skittish steed hasn't been spooked. The equity equines suffered the most from fanned inflation fears. Blue Chip Stock was sent swirling down to $1,027 and OTC to $1,006. Lipper Mutual Funds fell to $1,001.