This week’s theme of “stimulus hopes” persisted for yet another session on Wall Street yesterday. Major equity benchmarks inched higher into green territory as the bulls piled into equities ahead of the key FOMC conference taking place later today. Investors’ confidence improved following yesterday’s German court ruling which gave the green light for the proposed European Stability Mechanism; likewise, this development has put even more pressure on Bernanke to make a concrete QE announcement [see also Sell Gold Before Bernanke's Address]. The much-anticipated FOMC rate decision is taking place later today, and as such, our ETF to watch is the State Street SPDR Gold Trust (GLD, A). Gold prices have a tendency to trade all over the place whenever Chairman Bernanke speaks, and this press conference should offer plenty of fundamental catalysts for the precious yellow metal to move [see also GLD-Free Gold Bug ETFdb Portfolio]. Chart Analysis Gold has been evading [...] Click here to read the original article on ETFdb.com. Related Posts: Brief History Of ETFs ETF Insider: Pressure On Fed To Follow Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD) 3 ETFs To Watch This Week: GLD, EWUS, XLI
This week’s theme of “stimulus hopes” persisted for yet another session on Wall Street yesterday. Major equity benchmarks inched higher into green territory as the bulls piled into equities ahead of the key FOMC conference taking place later today. Investors’ confidence improved following yesterday’s German court ruling which gave the green light for the proposed European Stability Mechanism; likewise, this development has put even more pressure on Bernanke to make a concrete QE announcement [see also Sell Gold Before Bernanke's Address]. The much-anticipated FOMC rate decision is taking place later today, and as such, our ETF to watch is the State Street SPDR Gold Trust (GLD, A). Gold prices have a tendency to trade all over the place whenever Chairman Bernanke speaks, and this press conference should offer plenty of fundamental catalysts for the precious yellow metal to move [see also GLD-Free Gold Bug ETFdb Portfolio]. Chart Analysis Gold has been evading [...]
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