Recap of day 3

Alright people, here we go with our first daily recap post for the performance of our investments. I'm going to launch right into the numbers. In subsequent posts, I will try to provide what I hope will be an explanation for the day's numbers. Also, in upcoming posts I'd like to take a bit of time to discuss the extremely shaky foundation that we presently find our entire global system supported by, and the potentially dire outcomes when this foundation eventually crumbles. Unfortunately this evening, I'm a bit pressed for time, so this one is going to be a just-the-facts-ma'am sort of post. When you read these quotes, please remember that they are the New York Spot Price close, not the futures price.

Here are the numbers for March 16, Day 3:

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Day 3

Results upon NY close of trading -- March 16, 2011:

• Gold closed at $1401.50 per oz, up $5.80 and 0.42% from yesterday. Silver closed at $34.26 per oz, up $0.02 and 0.06% from yesterday.
• VFINX closed at $116.21 per share, down $2.30 and -1.9% from yesterday.

Investment #1, Precious Metals

• Percent return for the day: 0.24%
• Profit for the day: $219.62
• Total percent return: -7.9%
• Total profit: -$7891.59
• Total investment value: $92,030.19

Investment #2, Vanguard 500 Index

• Percent return for the day: -1.9%
• Profit for the day: -$1,918.20
• Total percent return: -3.00%
• Total profit: -$3,035.76
• Total investment value: $96,918.95

Advantage: Vanguard 500, by $4,888.95

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As you can see, we made back a tiny bit of money in our precious metals, and our Vanguard investment lost about $2k. So, what was a $7k edge yesterday by Vanguard over our metals has dropped down to just under $5k. I expect this trend will probably continue through the end of the week, as precious metals bounce back from the tremendous beating they took on Tuesday, and by close on Friday gold will be trading in the $1405-1410 range, with silver edging right up near $35. Continued weakness in the S&P 500 will lead to a few dollars drop in our Vanguard investment, and I wouldn't be surprised to see our VFINX trading at the $110 level by close on Friday.

These "predictions" of course are somewhat meaningless, since the events in Japan are nearly unprecedented in terms of their impact on the global financial market. So, I could be entirely off the mark. Thus, I make no promises as to my accuracy as a prognosticator.

Since I didn't post anything for the previous trading days, you can click here for a recap of Day1, and here for a recap of Day 2, and just as a reminder, the entire performance to date for each investment, broken down by day, can be found by clicking on the Play by Play (Stats) tab at the top.

Goodnight,

Baxter