2013 Financial Markets: Performance Update

Investment performances of various financial assets for 2013 were as follows:

1. The DJIA was up 27%.  (Best single year since 1995.)
2. The yield on the 10-year Treasury Note was up 78% as the price fell.  Since the low in July 2012 at 1.38%, the 10-year Treasury Note rate has advanced to 3%.  (Is the bond market telling us something about risk assets going forward, which, of course, would be highly negative for the equity markets.)
3. Silver prices were down 35% and 61% since its 2011 peak. (I am still anticipating a counter-trend rally within its Stage 4 Selling Phase, which could send silver to $22.)
4. Gold prices were down 28%.  (Similar to silver, I am anticipating a counter-trend rally within its Stage 4 Selling Phase, which could send gold to approximately $1,300.)