Is there nothing an investor can count on? A long-held gold investing maxim appears to be breaking down. It used to be that you could count on gold-mining stocks to do twice as well as gold itself when the price of the metal was rising. That’s what the WSJ (subscription required) reported in “Oil Prices Take a Bite Out of …
Gold ETFs Rally Into Record Territory
Just last Sunday, I posed the question “Do Gold ETFs Still Have Legs?” Yesterday, it was answered—at least for the time being, as gold ETFs rallied into record territory. While the equity markets went nowhere, precious metals had their day in the sun. My view has always been that known and unknown uncertainties will surface all of a sudden causing …
Sunday Musings: Do Gold ETFs Still Have Legs?
That was the question which was recently discussed in an article titled ”For Gold Prices, Is the Bull Run Over?” Let’s look at some highlights: After a decade-long bull run in the price of gold, the bears are beginning to come out of hibernation. That may seem hard to believe after the recent run up in gold’s price. With conflict …
Major Market ETFs Climb Uphill—Gold Hits A New High
In an about face from Tuesday, the markets managed to climb uphill on Wednesday, and the major market exchange Traded Funds (ETFs) posted modest gains. Gold (GLD) was the big winner by making a new high of $1,438/ounce. Interest rates were higher, pulling bonds down, but the major asset classes all ended up to the plus side. The day did …