Commodity Scoreboard: Uranium And Silver Led The Way In Q1 [Chart]

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Commodity Scoreboard: Uranium And Silver Led The Way In Q1 [Chart]


The overall commodities market (S&P GSCI) tanked -5.1% in Q1, weighed on by fossil fuels with oil and natural gas down -11.7% and -7.1% respectively. However, it was a different energy-related commodity that had the last laugh.

Uranium quietly led the pack in Q1 with an impressive 11.6% gain. It is trading close to the $40 per pound level, which is a sizable increase from the $30 level it was trading at last summer. JPMorgan sees the price averaging $42 this year, and moving to a spot price of $50 in 2016.

On the precious metals front, the gold/silver ratio fell to a low of 70 near the end of March, with silver up 5.7% on Q1 in total. Recent movement has brought this back to closer to the 73 level.

Odey Special Situations Fund took on several new positions in March

Crispin OdeyOdey Asset Management's Special Situations Fund was down 3.2% in March, compared to its benchmark, the MSCI World USD Index, which was up 3.3%. Through the end of March, the fund is up 8.7%, beating the benchmark's return of 4.9%. Q1 2021 hedge fund letters, conferences and more Odey's Special Situations Fund deploys arbitrage and Read More


Uranium And Silver Led The Way In Q1 [Chart]

Chart source: Visual Capitalist

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