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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Tuesday, March 17, 2015

Gold is Facing a Serious Challenge

Gold will be seriously challenged in the week ahead. The strengthening dollar has impacted the price of gold significantly this month, but the week ahead brings the catalyst behind the move to the fore. Gold’s decline over the last month pretty well matches against the strengthening dollar trend. Spot gold has come down in a determined manner, while the dollar index has gained in a similarly determined manner. It makes perfect sense given that gold is priced in dollars in the U.S. See my full report on gold here.

Precious Metals Securities
1 Month Change
SPDR Gold Trust (NYSE: GLD)
-6.0%
iShares Silver Trust (NYSE: SLV)
-16.5%
Market Vectors Gold Miners (NYSE: GDX)
-15%
Market Vectors Junior Gold Miners (NYSE: GDXJ)
-17%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)
-41%
Sprott Physical Gold Trust (NYSE: PHYS)
-6.0%
Goldcorp (NYSE: GG)
-20%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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