The Skinny on Gold and Silver - Voice of the People

By
A A A

Zacks highlights commentary from People and Picks Member «inthemoneystocks».

For more Voice of the People, visit http://at.zacks.com/?id=7872

Featured Post

The Skinny on Gold and Silver


One of the best indicators of inflation and deflation is the action in gold and silver. When gold and silver rally it is telling us that inflation is taking hold, the opposite is true when gold and silver decline. The precious metals will usually trade inverse to the U.S. Dollar Index. This morning, the U.S. Dollar Index plunged after the opening bell rang at the New York Stock Exchange. This type of action in the dollar happens very often. A falling U.S. Dollar is always beneficial to the precious metals.

The popular SPDR Gold Trust ( GLD ) is trading higher 0.61 cents to $159.90 a share. The GLD will have intra-day resistance around the $160.75 area. Traders must remember that if U.S. Dollar Index rallies higher the precious metals are likely to pullback further. Some other ways to play the precious metals will be use equities such as iShares Gold Trust ( ETF ) ( IAU ), Sprott Physical Gold Trust ( PHYS ) and the ProShares Ultra Silver ( ETF ) ( AGQ ).

Nicholas Santiago

InTheMoneyStocks.com

 

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870

Follow us on Twitter: http://www.twitter.com/PeopleAndPicks

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867 .


 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ETF

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,899,609
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,101,558
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com