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Gold, Silver, Platinum, Palladium in One Posted 10/25/2010 06:27 PM ET

The first ETF to melt gold, silver, platinum and palladium together flew off the shelves upon its launch on the New York Stock Exchange Friday. ETFS Physical Precious Metals Basket Shares (GLTR) traded about 124,000 shares, valued at $9.3 million, on its first day.

Each share represents the spot price of 0.03 ounce of gold, 1.1 ounce of silver, 0.004 ounce of platinum, and 0.006 ounce of palladium. Fund provider ETF Securities already provides an ETF tracking each of these metals individually.

It decided how much of each metal to put in the fund based on liquidity, supply and industrial demand. Read original article

Silver Miners ETF Led in November Posted 11/30/2010 07:09 PM ET

China’s insatiable appetite for metals and energy fueled rallies in silver and oil-and-gas ETFs in November.

Global X Silver Miners (SIL) vaulted 19% for the month, surpassing all nonleveraged ETFs. SIL began trading in April and has soared 63% since its debut.

It’s risen for four months straight in a nearly vertical ascent. The miners amplified returns of the underlying metal. Read original article

Gold Experts Explain Why Bullion, Dollar ETFs Falling Together Posted Jan. 14, 2011 3:37 PM ET

Gold and dollars usually trade in opposite directions. If the dollar is strong, you need fewer dollars to buy an ounce of gold and vice versa. A weak dollar sends investors scurrying for a safe haven.But this week they’re both selling off at the same time. PowerShares DB US Dollar Index Bullish(UUP) — which tracks the greenback against a basket of widely traded currencies — lost 2.4% this week. It has fallen below the 50-day moving average after trading above it for almost two months.

SPDR Gold Trust(GLD) shed 0.64% this week following a 3.7% loss last week. GLD has undercut its December low and is trading below its 50-day moving average. The last time it did this, it fell to the 150-day average and found support.

Here are some gold experts’ explanations of this usual phenomenon. Read original article | Google Docs

 

$50 Silver? Metals Strategist Says Yes

Silver led a rally in precious metals ETFs on Thursday as the white metal soared to a 30-year high. IShares Silver Trust(SLV) vaulted 3.6% to 31.03 — a record high — in heavy volume. SPDR Gold Trust(GLD) ticked up 0.7% to 135.04 as it recovers its 10-week moving average.

Investors snatched up the metals as safe-haven assets and hedges against inflation not only because of the Mideast unrest and inflationary data but also heavy short covering ahead of February options expirations, says Terry Sacka, chief strategist at Cornerstone Asset Metals in Jupiter, Fla. Read original article

 

Silver Surges to New High Posted Feb. 18, 2011 6:15 AM ET

Silver and gold blasted to new records Monday as the U.S. dollar weakened further, uncertainty swelled ahead of a Federal Reserve policy meeting and traders speculated that China will buy precious metals to diversify its $3 trillion foreign-exchange reserves.

Both gold and silver trade as a currency and a safe-haven asset. But the white metal is far more volatile and has benefited from industrial demand that’s driven an eye-popping rally in the past year Read original article

 

Why Global X Silver Miners Lags iShares Silver Trust Posted 04/25/2011 05:43 PM ET

Silver miners fortunes depend on the price of the precious metal, which has been white hot the past two years thanks to a weak dollar and record demand. But the trajectory of silver miners’ shares hasn’t been as steep.

IShares Silver Trust (SLV) — the largest physically backed silver ETF — is up 54% year to date and 161% the past 12 months. Read original article

 

Debt Ceiling Raised — So Why Isn’t Gold Rallying? Posted 04/27/2011 05:53 PM ET

Gold prices yawned at the news of Congress kicking the proverbial can down the road in raising the debt ceiling.

Trading was flat even though this means Uncle Sam’s pile of debt will grow still bigger. The gold bugs contend this will drive gold prices higher because the government will have to continue to debase its currency to pay down the debt.

Not So Safe A Haven Read original article

 

Gold, Silver Forming Major Bottom: Market Technicians Posted 03/07/2013 12:49 PM ET

After melting down for three weeks straight, gold and silver prices are oversold and finding support at nine-month lows thanks to short covering and bargain hunting — even as the U.S. dollar continues to strengthen.

This suggests precious metals are forming a significant bottom, market technicians say. Meanwhile, traders await the February employment report due Friday to assess whether the Federal Reserve has reason to taper its aggressive monetary stimulus program, known as quantitative easing, or QE. Read original article

 

Gold Meltdown Heats Up: 5 Reasons For The Stampede Posted 05/15/2013 05:42 PM ET

Gold ETF investors stampeded for the exits Wednesday as spot gold prices breached $1,400 an ounce while a flurry of economic news banished the rationale for owning the yellow metal as a safe haven.

The U.S. dollar, which typically trades opposite the metal, raced to a 10-month high against foreign currencies. The euro — which makes up more than half the index — weakened as the eurozone recession extended into the sixth quarter and better-than-expected homebuilding numbers lifted optimism in the U.S. economy.

That’s while weak manufacturing data dampened fears of inflation.
Read original article

 

Gold Up After U.S. Debt Limit Raised — Time To Buy? Posted 10/17/2013 03:54 PM ET

Gold and silver regained luster as the dollar plunged to a two-year low after Washington averted a crisis by raising the country’s debt limits through Feb.7.

The bulls and bears have to decide whether precious metals are staging a short-covering rally from oversold conditions. Or is it a real trend change in response to the temporary spending measure?

Read original article

 



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