Find The Best Stocks With Perfect Trade Setups In Minutes A Day

Stop wasting time looking for the right stocks.  Free training on how to find perfect stock trades that can move 300-1,500%.  Learn the # 1 key to successful stock investing and how to find success even If the market is crashing, rebounding… or just going sideways. (ad)

Do Not Delay - Click Here Now

 

Top Gold ETF Just Surged The Most In 3 Years – Should You Buy?

Investors are flocking to the shiny yellow metal in droves. Will the rally continue?

Hear that sound? It’s investors stampeding into the largest bullion-backed ETF faster than they’ve done so since 2016.


Hey, do you want to be the next stock market millionaire? This free training lays it all out for you! Check it out here.


The SPDR Gold Shares ETF went on a tear this week as fears about the impact of trade wars on the economy grew and as the market speculated the Fed will cut rates in the near future, fueling demand for the shiny metal.

By Monday, assets in the ETF had jumped 2.2%, or 16.44 metric tons, the biggest gain since July of 2016. The shift to the traditional safe haven asset came as gold prices jumped above $1,300 per ounce, the highest price since this past February.

Source: Bloomberg.

So far this year, gold has struggled even as the trade war raged on, Fed policy makers signaled rates were on hold for the year, and as the dollar gained for four months. But early this week, St. Louis Fed President James Bullard said that a rate cut may be necessary soon, which spurred markets to discount at least two quarter-point reductions by the end of this year. In a lower rate environment, bullion—which doesn’t bear yields—tends to benefit.

Fed Chairman Jerome Powell also said early this week that the central bank will closely monitor the economic impact of trade conflicts, a change of tone from his former “patient” stance.

“Powell’s speech yesterday (Tuesday) about how he is going to watch the economy for the potential of lowering the interest rate, that seemed to provide a very good bid to gold,” said Michael Matousek, head trader at U.S. Global Investors. “The market was pricing in two rate cuts before, now the probability of the rate cuts are increasing.”

“Ongoing concerns regarding global economic growth is supporting gold at the moment,” said David Meger, director of metals trading at High Ridge Futures, who added that the U.S.’s trade conflicts with China and, now, Mexico are taking a toll.

“Recent commentary by U.S. Federal Reserve officials that they are at least willing to look at rate cuts if the data warrants it has also helped commodities across the board,” Meger said.

“Gold is once again trying to reclaim its role as a safe haven amid growing trade tensions and consequent risks to growth,” said Joni Teves, a strategist at UBS Group. According to Teves, the price of gold “looks like it is getting comfortable above $1,300, with aspirations of testing this year’s highs.”

As of Thursday evening, the GLD ETF was up 3.44% while the price per ounce of gold sits at $1,333, not far from its yearly high of $1,346.

“We are seeing more people jumping into gold because it was a sleeping giant between $1,275 – $1,300 for months and people gave up on gold,” said George Gero, managing director at RBC Wealth Management. “The economic news, political news and tariff uncertainties helped gold move out of the narrow range.”

But as gold climbs closer to its most recent high, will it continue to climb past the $1,346 level? Maybe not, according to Saxo Bank commodity strategist Ole Hansen: “Gold has run a long way in its rally in a short span of time, so I would not be surprised to see it consolidate.”

By the way, if you liked this article, you'll LOVE this Meaty free training I just published on the top 3 questions and challenges every investor faces AND how to overcome them. It's titled "10k into $2.4 Million in 18 months" and you can grab it for free here

There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses. Information provided by the Company is not investment advice. The Company is not a registered investment adviser, stock broker, or brokerage. You agree that the Company does not represent, warrant, or take responsibility that any account will or is likely to achieve profit or losses similar to those shown. Examples published by the Company are selected for illustrative purposes only. They are not typical and do not represent the typical results of all stocks within the Companys software or its individual scans and searches. No independent party has audited any hypothetical performance contained at this Web site, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified.

FREE TRADING WEBINAR - TRADERSPRO PRESENTS: Starting With Only $10,000 Retire With $2.4 Million? Click Here Now

Join Us Now
X