29.05.2014 - Are Precious Metal ETFs Dead In The Water?
Flash back to the summer of 2011. The U.S. Congress struggled with a decision to raise the debt ceiling. The “PIGS” (i.e., Portugal, Italy, Greece, Spain) had dramatically overspent, endangering the existence of the euro-zone. Stocks cratered. The CBOE S&P 500 Volatility Index (VIX) soared. Meanwhile, the SPDR Gold Trust (ARCA:GLD) catapulted 26% in a matter of six weeks. Flash forward to the summer of 2014. Tensions have flared up between Russia and Ukraine, but the conflict has had little direct impact on stock assets. Even fewer seem concerned about the sustainability of country debt in Europe. What’s more, gold bears have hammered the idea that the yellow metal might serve as a safe haven against political turmoil, inflation or electronic money printing...............................................Full Article: Source
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