Equity markets remain plagued with low trading volumes and anticipation ahead of today’s speech at Jackson Hole has only added to the list of uncertainties keeping a lid on investors’ confidence. On the data front, the outlook remains mixed; weekly jobless claims came in unchanged from last week’s figure of 374,000 while personal income and consumer spending both met expectations, ultimately failing to ignite bullish fever on Wall Street [see also ETF Tools Every Investor Needs]. As Fed Chairman Bernanke makes an appearance later today, our radar will be focused on the State Street SPDR Gold Trust (GLD, A). Gold prices could be in for a volatile trading day depending on how investors react to the latest commentary from Bernanke, most of which are expecting will indicate that the Fed is holding off from more stimulus measures until deemed absolutely necessary [see also Billionaires Trust GLD, Why Can't You?]. Chart Analysis GLD has been trading along a steadily, although [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD) 3 ETFs To Watch This Week: GLD, EWUS, XLI ETF Insider: Low Volume Trading Can Be Deceiving Huge Gaps Between Metals, Miners ETFs ETF Insider: No News Could Be Good News
Equity markets remain plagued with low trading volumes and anticipation ahead of today’s speech at Jackson Hole has only added to the list of uncertainties keeping a lid on investors’ confidence. On the data front, the outlook remains mixed; weekly jobless claims came in unchanged from last week’s figure of 374,000 while personal income and consumer spending both met expectations, ultimately failing to ignite bullish fever on Wall Street [see also ETF Tools Every Investor Needs]. As Fed Chairman Bernanke makes an appearance later today, our radar will be focused on the State Street SPDR Gold Trust (GLD, A). Gold prices could be in for a volatile trading day depending on how investors react to the latest commentary from Bernanke, most of which are expecting will indicate that the Fed is holding off from more stimulus measures until deemed absolutely necessary [see also Billionaires Trust GLD, Why Can't You?]. Chart Analysis GLD has been trading along a steadily, although [...]
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