Jan. 16, 2012, 1:10 a.m. EST
Gold and energy bull charges on
Commentary: Outstanding Investments still sees shortages
By Peter Brimelow, MarketWatch
NEW YORK (MarketWatch) — A gold and energy bull stumbled badly last year. But it’s charging on, in the same direction.
Outstanding Investments is still the top-performing investment letter over the past ten years among the 180-plus followed by the Hulbert Financial Digest, up a startling 18.1% annualized vs. 3.80% annualized for the dividend-reinvested Wilshire 5000 Total Stock Market Index.
But last year was Outstanding Investment’s hardest for some time. Through December, the letter lost 18.3% vs. 0.98% for the total return Wilshire 5000.
Over the past three years, the letter is up 17.3% annualized vs. 14.93% annualized for the total return Wilshire. Over the past five years, the letter was up an annualized 3.81vs. 0.12% annualized for the Wilshire.
Editor Byron King’s hard-asset, shortage-oriented philosophy has gotten him into tight spots before, when commodities appeared to be crumbling.
But he’s always come through. Recently, it even looked like his bullishness on energy was paying off after several soft years.
Needless to say, Outstanding Investments has benefited from the great post-millennium hard-assets bull market. I check in with King periodically to see if he thinks it’s though. The basic answer has always been no.
More: http://www.marketwatch.com/story/gold-and-energy-bull-charges-on-2012-01-16?link=MW_popular
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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