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Monday
Jul182011

Silver and Gold Bucking the Trend

While silver (4.09%) and gold (1.04%) are trading higher today, they are in no way representative of the rest of the commodity sector.  So far today, the CRB Commodity Index is trading down as much as the S&P 500 (-1.09%), and fifteen out of nineteen of the index's components are trading lower.  Cotton is leading to the downside with a decline of nearly 5%, which is music to the ears of apparel producers and retailers and why stocks like AEOS, GPS, LULU, PVH, RL, VFC, and WRC are barely down or even up on the day.  

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