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June 20, 2012 at 04:00 AM EDT
Wednesday’s ETF Chart To Watch: SPDR Gold Trust (GLD)
Equity indexes gapped higher and held their ground yesterday as euphoria and expectations for more stimulus ahead of today’s Fed decision kept investors’ confidence afloat. Judging from the positive price action on Wall Street i’ts fair to say that economic data releases took a back seat yesterday; housing starts came in at 708,000 for the month of May, falling short of the 720,000 analyst estimate as well as last month’s reading of 744,000 [see also Should You Buy Gold Before QE3 Is Announced?]. The much anticipated FOMC decision will take place later today, which makes our ETF to watch for the day the State Street SPDR Gold Trust (GLD). This fund may experience volatile trading as investors digest the latest economic commentary from the Fed, along with the potential announcement of an additional round of quantitative easing [see also How To Play A Treasury Bubble With ETFs]. Chart Analysis Since the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Stimulus Hopes Take Center Stage The Most Successful ETFs Of All-Time ETF Pop Quiz: Expenses, Europe, And ETNs Thursday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Which Gold Miner ETF Has The Highest Correlation To Gold?
Equity indexes gapped higher and held their ground yesterday as euphoria and expectations for more stimulus ahead of today’s Fed decision kept investors’ confidence afloat. Judging from the positive price action on Wall Street i’ts fair to say that economic data releases took a back seat yesterday; housing starts came in at 708,000 for the month of May, falling short of the 720,000 analyst estimate as well as last month’s reading of 744,000 [see also Should You Buy Gold Before QE3 Is Announced?].  The much anticipated FOMC decision will take place later today, which makes our ETF to watch for the day the State Street SPDR Gold Trust (GLD). This fund may experience volatile trading as investors digest the latest economic commentary from the Fed, along with the potential announcement of an additional round of quantitative easing [see also How To Play A Treasury Bubble With ETFs].  Chart Analysis Since the [...]

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

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