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.
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.
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.
Labels: Gold, Gold-2015, INDUSTRY-Gold
0 Comments:
Post a Comment
<< Home