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GLD

Bearish pressures swept over Wall Street this past week as the bulls had to step aside after European debt woes resurfaced and rattled investors’ confidence in the already anemic recovery taking place in the overseas currency bloc. Sell orders swarmed European markets and spilled over onto the home front after Portugal’s largest publicly traded bank, Banco Espirito Santo, said that it had missed payments on some of its debt, serving as a rude reminder of the region’s financially-fragile state.
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The Merk Gold Trust (OUNZ) marked a major first in the ETF world upon its debut. For years, conspiracy theorists had been calling physically-backed gold funds like GLD and IAU phony, claiming the vaults really did not hold large amounts of gold with some claiming there was no gold at all. Though the two ETFs managed to do just fine over the years, Merk stepped in and decided to offer an ETF that would appeal to anyone who thought the aforementioned products were nothing more than “paper gold.” [click to continue…]

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It was another back and forth week on the Street, as major indexes are still looking to find a meaningful direction. Revised GDP showed a contraction of 2.9% for the first quarter, but markets paid little attention to the negative surprise. As the bull run continues to drag on, more and more analysts are hopping in […]

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How Gold ETFs Are Taxed

by on June 25, 2014 | Updated July 2, 2014

When it comes to commodity investing, taxes can be something of a burden for investors. Trying to figure out which tax form you will need to complete and the specific tax rates can be a pain come April of every year. ETFs have helped to simplify a number of those issues, but there still is […]

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Sometimes, trying to describe ETFs and how they operate can be a little dry. We decided to spice things up and highlight some of the most crucial points surrounding ETFs using animated GIFs.

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Major equity indexes quietly kicked off the week, as many kept a close watch on Iraq while the mid-week Fed meeting took center stage at home. Much to the bears’ growing frustrations, policymakers didn’t drop any hints of an earlier-than-expected rate hike, and as such, equity markets took the opportunity to continue their stellar rally. […]

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Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that it is trading below its 200-day and 50-day moving averages, which […]

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Major equity indexes kicked off the week on a strong note only to lose momentum and give way to profit taking pressures as the trading days progressed. On the home front, economic data releases were fairly quiet with the NFIB small business index posting a better-than-expected gain while retail sales fell just just short of […]

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Major equity indexes inched higher throughout the week amid encouraging data releases at home. Investors cheered on improving ISM data and motor vehicle sales, while the lackluster ADP employment report received little to no attention. Overseas, the ECB stole the headlines yesterday when it finally announced the much-awaited rate cut, dropping its benchmark rate to […]

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Major equity indexes rose higher this week thanks to a number of encouraging data releases. With earnings season now behind us, investors cheered on upbeat economic data, including better-than-expected durable goods orders and consumer confidence on Tuesday, improving weekly jobless claims on Thursday, while the worse-than-expected U.S. GDP revision didn’t get much attention.

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After touching all-time highs on Tuesday, markets endured a tough sell-off this past week. The S&P 500 was able to briefly hold above the 1,900 barrier but quickly lost grip as selling pressures overtook the Street. Yesterday saw an especially harsh downward move as Wal-Mart earnings disappointed and volatility reared its ugly head.

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Major equity benchmarks endured a choppy trading week thanks to uneventful earnings releases and a lack of major developments in the overseas conflict between Russia and Ukraine. All in all, the lack of both good and bad news kept many investors on the sidelines while traders paved the way for back-and-forth swings on Wall Street. 

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