Since the market lows in crude oil in the late 90′s growing demand from emerging markets and a realization that the easy oil has been found combined to make oil a very popular investment theme. At the same time innovative new products such as the Oil ETF have caused a sharp rise in investor demand. [...]
There were lots of new highs in gold and silver ETFs yesterday even though the gains didn’t hold into the close. Silver hit another 30 year high at $38.25 and gold punched through all those tops located in the $1440 area. Gold couldn’t hold the breakout so it dragged silver down to a poor close [...]
Some cracks are beginning to show in the precious metals rally that we have seen since August. Silver futures went down and tested the 50 Day Simple Moving Average and bounced off that level (coincides with the 10 week SMA). Gold has remained the weaker of the precious metals however. As you can see from [...]
Since the QE2 rally began in August there have been two key moving averages that the Gold and Silver ETFs have followed. The Gold ETF – GLD has followed the 50 day simple moving average and the Silver ETF – SLV has followed the 20 day SMA. There has not been a single close below [...]
It has been a good year to be invested in the Emerging Markets as most of these developing countries have bounced back much stronger than anyone anticipated. Since foreign markets contribute as much as 50% of revenues to S&P 500 companies it has been a very important driver of stock prices in 2010. Another area [...]
