Gold (GLD) Goes Crazy; Trades Up Despite Fed Speak
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Japan's Nikkei Plunges 7%; U.S. Stocks Indicated Lower
May 23, 2013 6:55 AM EDTEasy come, easier go...
Japan's Nikkei sold off an astonishing 7.32% Thursday, a day after Federal Reserve Chairman Ben Bernanke warned about... More
Silver, Gold Active as Bernanke Expresses Some Concerns (SLV) (GLD)
May 22, 2013 12:03 PM EDTiShares Silver Trust (NYSE: SLV) and SPDR Gold Shares (NYSE: GLD) ETFs are seeing some impressive volume as Fed chairman Ben Bernanke testified in front of a Congressional committee.
In part, Bernanke told the Joint Economic... More
GLD Holdings Continue to Decline (GLD) (SLV) (GDX)
May 21, 2013 5:43 PM EDTSPDR Gold Shares ETF (NYSE: GLD) holdings declined another 0.8% to reach their lowest level since February of 2009. The drop comes as gold prices remain below $1400 per ounce.
GLD is lower by over 17% this year, a move that is causing pain to... More
Gold Lower Ahead of FOMC Minutes on Signs of Early QE Exit (GLD) (IAU)
May 21, 2013 9:37 AM EDTGold is lower Tuesday ahead of FOMC minutes from its April meeting, which might signal an early exit to quantitative easing measures.
One analyst from INTL FCStone said should Fed chair Ben Bernanke hint at such a move, gold could move lower as higher interest rates return.
... More
