ETF Trends
06-16-2008, 05:20 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/06/16/01goldbar.jpgMetals exchange traded funds (ETFs) were golden today as the dollar lost ground.
Gold futures rose to their highest level in a week as the euro gathered steam, reports Alan Fein for Axcess News (http://www.axcessnews.com/index.php/articles/show/id/16189). Silver futures also jumped more than 6%.
A question many people are asking is whether the dollar is going to turn things around soon. Federal Reserve Chairman Ben Bernanke said last week (http://www.etftrends.com/2008/06/bullish-on-the.html) that they're done cutting interest rates are are ready to defend the dollar. Will their defense of the greenback be enough?
Among the funds that rose in trading were:
iShares Silver Trust (SLV (http://finance.yahoo.com/q?s=slv)): up 11.1% year-to-date
SPDR Gold Shares (GLD (http://finance.yahoo.com/q?s=gld)): up 4.2% year-to-date
PowerShares DB Gold (DGL (http://finance.yahoo.com/q?s=dgl)): up 2.5% year-to-date http://www.etftrends.com/images/2008/06/16/z_2.png (http://etftrends.typepad.com/photos/uncategorized/2008/06/16/z_2.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/313262007/weakening-dolla.html)
http://www.etftrends.com/images/2008/06/16/01goldbar.jpgMetals exchange traded funds (ETFs) were golden today as the dollar lost ground.
Gold futures rose to their highest level in a week as the euro gathered steam, reports Alan Fein for Axcess News (http://www.axcessnews.com/index.php/articles/show/id/16189). Silver futures also jumped more than 6%.
A question many people are asking is whether the dollar is going to turn things around soon. Federal Reserve Chairman Ben Bernanke said last week (http://www.etftrends.com/2008/06/bullish-on-the.html) that they're done cutting interest rates are are ready to defend the dollar. Will their defense of the greenback be enough?
Among the funds that rose in trading were:
iShares Silver Trust (SLV (http://finance.yahoo.com/q?s=slv)): up 11.1% year-to-date
SPDR Gold Shares (GLD (http://finance.yahoo.com/q?s=gld)): up 4.2% year-to-date
PowerShares DB Gold (DGL (http://finance.yahoo.com/q?s=dgl)): up 2.5% year-to-date http://www.etftrends.com/images/2008/06/16/z_2.png (http://etftrends.typepad.com/photos/uncategorized/2008/06/16/z_2.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/313262007/weakening-dolla.html)