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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (15234)	7/6/2002 2:05:46 AM
From: t4texas	Respond to of 36161

rici-ty answer? the rici is a commodity index, and it can change each year only in december. "The selection and weighting of the portfolio is reviewed annually and weights assigned in the December preceding the start of a new year." i suppose jim rogers assumed in late 2001 the world economies would be growing in 2002, and that crude oil would be in big demand. from listening to rogers on tv it is clear he thought a war time economy would put demands on commodities and especially crude oil. whatever scenario jimmy was thinking for 2002 i have no idea, but it has been working out so far. so far the 35% crude oil weighting is not looking too bad. crude oil since december, 2001, for whatever reason, has gone from 18 to 27 today (about 50% up). gold has done well too, but from 270 to about 311 today is about a 15% increase. i don't have an exact chart of wheat (7% of rici), but it appears to be up about 15% in 2002 also. soybeans appear to be up over 30% since the first of this year too. in december the rici will be rebalanced, and the weightings will change.