December 31, 2010 
Some 2010 Performance Highlights
| DOW | +11% | GOLD | +29% |
|---|---|---|---|
| S&P 500 | +13% | SILVER | +82% |
| NASDAQ | +17% | PALLADIUM | +94% |
| CHIP STKS. | +14% | COPPER | +32% |
| EUR. STKS. | +9% | USD/CHF | -10% |
| CAT | +64% | USD/YEN | -13% |
| USD/EURO | +7% | AIG | +93% |
| OIL | +15% | NAT. GAS | -20% |
It seems obvious from the above that the smart money was in Silver, Palladium and AIG during 2010! Having said that, the broader market performed a decent 11-13% taking it back above pre-Lehman collapse levels. Many predict a similar return for 2011, although some worry about the 2nd half of next year.
Alistair Milne 
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