Oil ETFs Suffer From Demand Fear

Ulli Market Commentary Contact

Crude oil took a steep dive today and closed below the $100 level for the first time since the middle of March. USO, the ETF equivalent, lost 9.11% for the day. The entire commodity index followed suit with DBC dropping 6.7%, while gold (GLD) and silver (SLV) gave back 2.88% and 11.89% respectively. The dollar was the beneficiary and gained …

Gold ETFs Rally Into Record Territory

Ulli Gold ETFs Contact

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?

Ulli Gold ETFs Contact

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

Ulli Market Commentary Contact

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 …