September 26, 2011 at 08:30 AM EDT
ETF Insider: Does Gold Still Glitter?
Stock markets around the globe plunged last week following the Fed’s decision to proceed with “Operation Twist“, which sent waves of fear and panic-selling across every corner of the market. Long-term U.S. Treasury bonds were the only securities that didn’t get slaughtered last week, the S&P 500 shed more than 6% while the MSCI Emerging Markets Index lost over a whopping 11%. Not even gold could escape the chaos as the precious metal surprisingly sank over 7% during one of the “uglier” weeks on Wall Street, settling below $1,700 an ounce for the first time in a while. Investor confidence has further eroded as euro zone debt issues remain unanswered and the drama likely won’t see the happy ending that many are hoping for. Weekly Outlook The coming week is quite lacking in major economic releases on the international front, while investors at home will have a bit more data [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bullish Abroad, Defensive At Home ETF Insider: Markets At Fed’s Mercy ETF Insider: Be Wary Of Bargain Shopping ETF Insider: No Stopping Gold ETF Insider: Bernanke Speaks, Markets Cheer
Stock markets around the globe plunged last week following the Fed’s decision to proceed with “Operation Twist“, which sent waves of fear and panic-selling across every corner of the market. Long-term U.S. Treasury bonds were the only securities that didn’t get slaughtered last week, the S&P 500 shed more than 6% while the MSCI Emerging Markets Index lost over a whopping 11%. Not even gold could escape the chaos as the precious metal surprisingly sank over 7% during one of the “uglier” weeks on Wall Street, settling below $1,700 an ounce for the first time in a while. Investor confidence has further eroded as euro zone debt issues remain unanswered and the drama likely won’t see the happy ending that many are hoping for. Weekly Outlook The coming week is quite lacking in major economic releases on the international front, while investors at home will have a bit more data [...]

Click here to read the original article on ETFdb.com.

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