InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,430.40
(
0.14%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.70
(
-0.11%
)
Bitcoin
64,855.75
(
-0.43%
)
Post# of 784
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

ITMS

Send PM Follow Ignore
Followers 45
Posts 1637
Boards Moderated 1
Alias Born 10/13/2009

ITMS

Member Level

Re: None

Wednesday, 03/14/2012 1:23:19 PM

Wednesday, March 14, 2012 1:23:19 PM

Post# of 784
Risk Is On As Precious Metals Collapse


The precious metals are taking another hard hit today as money is flowing out. Not only is the Dollar stronger but the risk on trade is all the rage. The PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading at $22.41, +0.11 (+0.49%). When traders and investors feel the economy is on the right path, there is no need to hold gold for safety. The recent collapse in the price of gold speaks to this. Today, the SPDR Gold Trust (ETF) (NYSEARCA:GLD) is trading at $159.63, -2.50 (-1.54%). ...Continue reading here: http://bit.ly/z3SJ3u
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up