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Gold is on a record bull run, up from $328 in 2002 to $1,375 an ounce today. What caused that steep rise wasn’t any inherent increase in gold’s value to society, but a clever marketing scheme that allowed it to be traded easily without the hassle of physical delivery: The SPDR Gold ETF.

Continue reading Why Gold Is Up 420%: Investors Swallowed the SPDR Gold Trust

Why Gold Is Up 420%: Investors Swallowed the SPDR Gold Trust originally appeared on DailyFinance on Mon, 20 Dec 2010 10:05:00.

Filed Under: Columns, Economy, Investing, ETFs

Republican leaders may be worried about the Federal Reserve’s second round of quantitative easing, but the stock and credit markets are delighted: They’ve improved significantly since the plan was announced. But can the rally be solely attributed to QE2?

Continue reading Markets Have Posted Big Gains Since the Fed Launched QE2

Markets Have Posted Big Gains Since the Fed Launched QE2 originally appeared on DailyFinance on Fri, 17 Dec 2010 11:50:00.

Filed Under: Economy, Investing, Credit, Market News

Republican leaders may be worried about the Federal Reserve’s second round of quantitative easing, but the stock and credit markets are delighted: They’ve improved significantly since the plan was announced. But can the rally be solely attributed to QE2?

Continue reading Markets Have Posted Big Gains Since the Fed Launched QE2

Markets Have Posted Big Gains Since the Fed Launched QE2 originally appeared on DailyFinance on Fri, 17 Dec 2010 11:50:00.

Filed Under: Economy, Investing, Credit, Market News

A rapidly growing list of reports shows a U.S. economic recovery that’s far stronger than most had anticipated just months ago. And both deflation and inflation seem less likely to explode. All this is boosting the dollar — and could soon dim the gold bugs’ argument.

Continue reading Will a Rising Dollar Hammer Down Gold?

Will a Rising Dollar Hammer Down Gold? originally appeared on DailyFinance on Fri, 17 Dec 2010 08:00:00.

Filed Under: Columns, Economy, Investing, Currency, Market News

For the 22nd-straight month, the central bank kept its target interest rate at 0% to 0.25%. It made no new asset purchases and no changes to QE2, its $600 billion, eight-month bond-buying program. Housing and hiring are two main areas of concern in a slow-growth economy.

Continue reading Fed Maintains Loose Monetary Policy, Calls GDP Growth ‘Insufficient’

Fed Maintains Loose Monetary Policy, Calls GDP Growth ‘Insufficient’ originally appeared on DailyFinance on Tue, 14 Dec 2010 15:46:00.

Filed Under: Economy, Credit