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ETF Insider: No Stopping Gold

By: ETFdb
Financial worries at home surrounding the debt-ceiling coupled with a downgrade of Ireland’s credit quality into junk territory overshadowed the start of corporate earnings seasons on Wall Street. Uncertainty and general pessimism pushed investors into the “safer” corner of the market and gold emerged strongest. The yellow precious metal hit record highs on Thursday as August futures prices reached $1,594 an ounce. Strong profits from Citigroup and Google helped equity markets end the week on a positive note, however, equity indexes broadly finished in red territory for the week with the S&P 500 down 2%. On tap next week are more earnings reports from industry giants and our model ETF portfolios are positioned to regain some lost ground amidst the recent volatility on Wall Street and around the globe. Actionable ETF Trade Ideas Earnings season is upon us and unfortunately equity markets remain largely driven by headlines. Our picks from [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bernanke Speaks, Markets Cheer ETF Insider: Bullish Abroad, Defensive At Home iPath Debuts New Pair Of U.S. Treasury ETNs ProShares Launches Hedge Fund Replication ETF (HDG) Schwab Debuts Cheapest Ever Bond ETF (SCHZ)
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