InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Metals Rally As Dollar Fades


Generally, the leading industrial, and precious metal stocks will be the first equities to catch a bid when the U.S. Dollar Index declines intra-day. This morning, traders can easily see how the SPDR Gold Trust (ETF) (NYSEARCA:GLD), ProShares Ultra Silver (ETF) (NYSEARCA:AGQ), and the PowerShares DB Gold Double Long ETN (NYSEARCA:DGP) are all catching an early bid as the dollar retreats from the open. All of these trading vehicles will signal inflation in the stocks market and that is what will usually happen when the U.S. Dollar Index declines. ...Continue reading here: http://bit.ly/H8wlZt