IS Gold Getting Its Glitter Back?

The expansion of the quantitative easing by the ECB has put a renewed pressure of the greenback to go up. Mind you euro is the biggest component of the dollar basket and the QE has been hugely negative for the euro. When the U.S. dollar goes up then naturally the commodities priced against it will go…

Gold Is Getting Its Mojo Back

Chairman Ben Bernanke’s Jackson Hole speech turned out to be quite positive for reflationary trades and this was reflected in the price action of gold and US dollar. SPDR Gold Trust (GLD) attracted nearly $2 billion in fresh assets in August, more than most exchange-traded funds. With a gain of 4.6%, August turned out to be…

Another Day, Another Mixed Performance

September is a month that traditionally has been very bad for the stock market. Accoridnig to Stock Trader’s Almanac, based upon last 61 years performance, September has been last in terms of monthly performance. The Almanac also notes that the beginning of the monthe is better than the end of the month. Also, three sectors –…