V. 22:6 (82-83): Intermarket Review by David Penn
GOLDMAN SACHS COMMODITIES INDEX
The Goldman Sachs Commodities Index (GSCI) is a world production–weighted index of commodity prices based on the average quantity of production for the last five years of available data. The index is an appropriate benchmark against which the price performance of commodities can be judged. At the same time, the subgroups of the Goldman Sachs Commodities Index can also be used to measure the price performance of the various commodities that make up the GSCI. The weekly charts of the GSCI subgroups shown here include both the 50- and 200-day simple moving averages.
With that, the Intermarket review briefly covers the following indexes: Precious Metals ($GPX), Energies ($GJX). GSCI subgroup: Agriculture ($GKX), and Livestock ($GVX).