No investor in the resource sector would argue that 2013 has been a year from hell. Gold still trades near the low that was made in June 2013 and while there has been a retest of those lows recently it is still too early to know for certain that ‘the bottom is in place’.
Charts are great to review in hindsight the price performance for commodities and shares. However, predicting the future from past performance is virtually impossible and is merely subject to one’s interpretation. The Dow and S&P 500 have soared in 2013, posting the biggest annual gains since the late 1990s. The Dow was up 26% and the S&P 500 gained more than 29%. The NASDAQ has surged nearly 40%, to highs not seen since 2000.