Morning Preview: Gold, Commodities, And Wall Street Bonuses

The average bonus on Wall Street last year was a little more than $150,000. That’s the third highest-ever bonus on record behind the years 2006 and 2007. Here’s a chart from Quartz and shared by @jackdamn that shows the history of Wall Street bonuses since 1985 in nominal terms:

Wall Street bonuses were the third highest on record in 2013. 1985-Present. (via Quartz) $SPY http://stks.co/c0K9G

— Kas (@jackdamn) Mar. 12 at 03:58 PM


 
 
Yesterday, @kimblecharting shared a chart about commodities and it was one of the most liked charts of the day. It is embedded below, and on it you will see how commodities are breaking out. The price of coffee is already up more than 80% this year, lean hogs are up 40%, oats 24%, and corn 15%. This is a move everyone should take notice of right now:

5 Breakouts!!! These are mooooving much higher! $JO $COW $JJG $STUDY Grocery store Rut Ruh!!! http://stks.co/s05qg

— Chris Kimble (@KimbleCharting) Mar. 13 at 08:59 AM


 
 
Precious metals are also having a huge year. The largest gold ETF, $GLD, is now up 14% this year. It’s massively outperforming the S&P 500, which is pretty much flat. Many are asking how much of gold’s move is a reaction to the Russia-Crimea crisis. Someone shared a ZeroHedge link today saying Putin wants to be paid purely in gold from here on out:

$GLD Russia May Retaliate Sanctions By Demanding Payment For Exports In Gold http://stks.co/i0OCt

— Brownie (@BullzNBearz) Mar. 13 at 06:49 PM


 
 
Gold miners, $GDX, are performing even better. $GDX is up an astounding 30% this year and at its highest level since September, 2013. @Allstarcharts shared this chart showing $GDX’s breakout relative to $GLD’s:

Gold Miners vs Metal chart breaking out nicely. $GDX $GLD $GC_F Still one of my favorite spreads http://stks.co/a0KaC

— J.C. Parets (@allstarcharts) Mar. 13 at 06:59 PM


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