Today started off on a rough note, as more troubles in Europe combined with the still unresolved debt crisis that has only a week left in its timetable. Stocks made a climb during midday to nearly break even, but then tumbled to finish out the day. The Dow lobbed off nearly 200 points while the S&P saw a decrease of 1.7%. Gold exhibited a similar trend to equities as the commodity has been frustratingly correlated as of late; the precious metal finished out the day with losses nearing $10/oz. Finally, the euro saw another dip against the dollar, losing 0.5% and is presenting what many feel is one of the reasons for gold’s lackluster performance [see also Gold And Silver In A Correlation Bubble?]. All eyes have now shifted to the U.S. “Super Committee” that has just days to agree on a massive budget cut that will total somewhere around $1.2 trillion. As we [...] Click here to read the original article on ETFdb.com. Related Posts: Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds Three ETFs To Watch This Week: EWJ, TVIX, VGK Daily ETF Roundup: VGK Rises On Euro Stability, VXX Plunges On Improving Confidence Daily ETF Roundup: VGK Soars As Berlusconi Resigns, VXX Tumbles On Market Strenght Daily ETF Roundup: VGK Rises On Rate Cut And Greek Flip Flow, VXX Sinks On Euro Euphoria
Today started off on a rough note, as more troubles in Europe combined with the still unresolved debt crisis that has only a week left in its timetable. Stocks made a climb during midday to nearly break even, but then tumbled to finish out the day. The Dow lobbed off nearly 200 points while the S&P saw a decrease of 1.7%. Gold exhibited a similar trend to equities as the commodity has been frustratingly correlated as of late; the precious metal finished out the day with losses nearing $10/oz. Finally, the euro saw another dip against the dollar, losing 0.5% and is presenting what many feel is one of the reasons for gold’s lackluster performance [see also Gold And Silver In A Correlation Bubble?]. All eyes have now shifted to the U.S. “Super Committee” that has just days to agree on a massive budget cut that will total somewhere around $1.2 trillion. As we [...]
Click here to read the original article on ETFdb.com.
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