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June 07, 2012 at 04:00 AM EDT
Thursday’s ETF Chart To Watch: SPDR Gold Trust (GLD)
Equity markets finished in green territory yesterday as stimulus hopes bolstered confidence, despite worse-than-expected economic data reports on the home front and looming threats from Europe. The first quarter U.S. productivity figure came in at negative 0.9%, falling short of the estimate as well as the previous reading of negative 0.5%. Nonetheless, bullish forces were dominant throughout the day as investors cheered on the latest Beige Book report; the Fed commented that domestic factory output and the real estate market had moderately improved [see also How To Play A Treasury Bubble With ETFs]. Investors at home will keep their eyes and ears open for any mention of “stimulus” in the coming weeks as “Operation Twist” nears an end later this month. Ben Bernanke is expected to testify before Congress later today, and as such, our ETF to watch for the day is the State Street SPDR Gold Trust (GLD); the precious yellow metal [...] Click here to read the original article on ETFdb.com. Related Posts: Which Gold Miner ETF Has The Highest Correlation To Gold? 101 ETF Lessons Every Financial Advisor Should Learn ETF Insider: Be Wary Of A Dead Cat Bounce Daily ETF Roundup: GLD Takes Another Leap, VXX Leaps Higher Tuesday’s ETF To Watch: SPDR Gold Trust (GLD)
Equity markets finished in green territory yesterday as stimulus hopes bolstered confidence, despite worse-than-expected economic data reports on the home front and looming threats from Europe. The first quarter U.S. productivity figure came in at negative 0.9%, falling short of the estimate as well as the previous reading of negative 0.5%. Nonetheless, bullish forces were dominant throughout the day as investors cheered on the latest Beige Book report; the Fed commented that domestic factory output and the real estate market had moderately improved [see also How To Play A Treasury Bubble With ETFs]. Investors at home will keep their eyes and ears open for any mention of “stimulus” in the coming weeks as “Operation Twist” nears an end later this month. Ben Bernanke is expected to testify before Congress later today, and as such, our ETF to watch for the day is the State Street SPDR Gold Trust (GLD); the precious yellow metal [...]

Click here to read the original article on ETFdb.com.

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