ETF Trends
05-11-2008, 05:55 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/05/09/1635021219.jpeg Slight upticks in the dollar against the euro this week may be in sync with investors timing their re-entry into the market and exchange traded funds (ETFs).
On Thursday, the U.S. dollar was up to an eight-week high against the euro in overseas trading, with the speculation of a possible slowdown in Europe that will allow the European Central Bank to cut rates, reports Peter A. Grant for GoldSeek (http://news.goldseek.com/GoldSeek/1210258484.php). The dollar seems to be contained against two other major currencies, the Japanese yen and Swiss franc.
All the while gold has kept a solid stance, and oil is only heading higher lately with the newest record high reached on Friday: $126.20.
The streetTacks Gold Shares (GLD (http://finance.yahoo.com/q?s=gld)) has been turning around with positive performance in the last week, up 3.4% in that period. As long as oil continues to rise in price, it's believed that gold should continue rising along with it.
http://www.etftrends.com/images/2008/05/10/z.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/10/z.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/287938897/gold-holding-up.html)
http://www.etftrends.com/images/2008/05/09/1635021219.jpeg Slight upticks in the dollar against the euro this week may be in sync with investors timing their re-entry into the market and exchange traded funds (ETFs).
On Thursday, the U.S. dollar was up to an eight-week high against the euro in overseas trading, with the speculation of a possible slowdown in Europe that will allow the European Central Bank to cut rates, reports Peter A. Grant for GoldSeek (http://news.goldseek.com/GoldSeek/1210258484.php). The dollar seems to be contained against two other major currencies, the Japanese yen and Swiss franc.
All the while gold has kept a solid stance, and oil is only heading higher lately with the newest record high reached on Friday: $126.20.
The streetTacks Gold Shares (GLD (http://finance.yahoo.com/q?s=gld)) has been turning around with positive performance in the last week, up 3.4% in that period. As long as oil continues to rise in price, it's believed that gold should continue rising along with it.
http://www.etftrends.com/images/2008/05/10/z.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/10/z.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/287938897/gold-holding-up.html)