07.10.2014 - Silver ETFs Tumble On Soaring Dollar, Economic Uncertainty
The year 2014 opened up nicely for safe havens like gold and silver thanks to frozen U.S. economic data, blazes of geo-politics and sluggish growth in several global forces including China, Japan and Europe. But the trend reversed in the second half. A rough ride for commodities began, and the asset class has had trouble reversing the momentum. This was truer as the U.S. economy gained considerable strength succeeding almost every economic benchmark in Q2, the stock markets hit multi-year highs and the Fed decided to exit the QE era this October. If this was not enough, tension over precious metals intensified in September as the greenback soared to the six-year level against the yen, talks of rate hike started doing rounds and demand prospects from many key markets remained vague...............................................Full Article: Source
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