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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's Trump Card vs. Dollar

Commodity prices are threatened by the strengthening dollar, as evidenced by their broad decline as the dollar has gained over recent weeks. Gold prices have decreased substantially as well, but gold holds a trump card against dollar strength, its safe haven appeal. See my full report on gold's trump card 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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