A gold ETF is an investment that is backed by gold. ETF stands for exchange traded fund. Investing in this type of fund is not the same thing as investing in actual gold. The major difference is that when one invests in actual gold, they own the gold and can receive the actual precious metal as a payout.
Last week, silver decided to thrust above the toppiness that caused so many traders to fret (see "Silver Topping Out?"), only to score a fresh double-top.
Most commodity traders have at least some passing acquaintance with seasonality - the tendency for goods' prices to strengthen or weaken at different times during the year. After all, there are times appropriate for the planting and harvest of agricultural commodities such as corn and cotton and, as a consequence, periods of relative dearth and surplus.
The London gold market has been advertising gold bargains for a while, but there haven't been many takers. And, as in many sluggish commercial sectors, dealers have had to resort to a series of markdowns in order to attract business.
There's a continuous - no, let me rephrase that - there's an unending battle over the merits of technical analysis among traders. Those who forecast price trends using market fundamentals often think chartists are using the equivalent of chicken entrails to predict a commodity's future.
I'm not going to step into the line of fire in this battle...
Signs of the times,investors are so scared about an economic collapse that they are buying gold and having it delivered to them. Investors don’t believe in anything or anyone…they want the gold in their house or their safe deposit box. This is extremely unusual and expensive step of holding possession of Gold.
