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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

Gold, silver shine; Is ‘smart money’ turning bullish again?

Posted on 04 October 2011

More turmoil in Europe over the ongoing debt crisis led investors Monday back into gold and silver ETFs. But will two-days of positive gains be enough to convince traders that a bottom is near after September’s nasty sell-off?
The SPDR Gold Trust (GLD) closed up today by 1.8% and the iShares Silver Trust (SLV) finished ahead by 2%. Miners followed stocks down: the Market Vectors Gold Miners ETF (GDX) slid 1.3% and the Global X Silver Miners ETF (SIL) fell 2%……………………………………….Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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