November 08, 2012 at 09:00 AM EST
GLD And SLV Bounce Off 200-Day SMA
With the presidential election now behind us, investors and traders alike will bring their attention outside of the political arena and back to the economic data front. While political ads and fervent opinions have largely dominated news mediums over the past few weeks, several major releases managed to slide under the radar amid all of the election jitters. More specifically, commodity prices across the board have faced growing headwinds; with resurfacing Euro zone woes, ongoing improvements in the domestic labor market, coupled with a solid 2.0% GDP growth reading at home, the strengthening U.S. dollar has kept a lid on natural resource prices [for more commodity news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: What is the Best Silver ETF? How Gold, Silver, Natural Gas Funds Will Act at Market Re-open How Much Money Your Favorite Commodity ETFs Make 6 Ways Get Your Dividends in Gold and Silver Bullion Silver Slaughtered: Time To Buy?
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