Zacks' Voice of the People highlights opportunities with SPDR Gold Trust, iShares Gold Trust, Sprott Physical Gold Trust & Pr..
20 April 2012 - 6:30PM
Zacks
For Immediate Release
Chicago, IL – 04/20/2012 – Zacks highlights commentary from
People and Picks Trader
“inthemoneystocks”.
For more Voice of the People, visit
http://at.zacks.com/?id=5851
Featured Post
The Skinny on Gold and Silver
One of the best indicators of inflation and deflation is the
action in gold and silver. When gold and silver rally it is telling
us that inflation is taking hold, the opposite is true when gold
and silver decline. The precious metals will usually trade inverse
to the U.S. Dollar Index. This morning, the U.S. Dollar Index
plunged after the opening bell rang at the New York Stock Exchange.
This type of action in the dollar happens very often. A falling
U.S. Dollar is always beneficial to the precious metals.
The popular SPDR Gold Trust ( GLD) is
trading higher 0.61 cents to $159.90 a share. The GLD will have
intra-day resistance around the $160.75 area. Traders must remember
that if U.S. Dollar Index rallies higher the precious metals are
likely to pullback further. Some other ways to play the precious
metals will be use equities such as iShares Gold Trust
(ETF) ( IAU), Sprott Physical Gold
Trust ( PHYS) and the ProShares Ultra Silver
(ETF) ( AGQ).
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