Precious Metal ETFs Closely Linked to Automobile Demand
The automobile industry has a major impact on the value of both platinum and palladium ETFs. The precious metals are both used in the manufacturing of catalytic converters within automobiles. The demand for automobiles is down considerably over the past few months, which has put a dent in the recent values of platinum and palladium. [...]
Europe Kills Palladium’s Streak
A looming debt crisis in Europe has put a damper in palladium’s success. The metal, which linked together more than a year of back-to-back monthly climbs, has dropped 16% in May alone. The May 2010 slump, which follows a rally from January 2009 to April 2010, is the biggest drop since the collapse of Lehman [...]
Direxion Skirts SEC Hold to File 36 Funds
Planning for the future, Direxion has filed with the SEC to create 36 new funds. 34 of these will be bullish and bearish triple leveraged funds, all pending during the heat of a SEC review. Following the popularity of geographically centered ETFs, many of the new funds will be leveraged around a portfolio of stocks [...]
Analysts Cast Predictions for Gold’s Peak
While some analysts are calling gold a bubble, others are forecasting where the precious metal will peak. For the first time in nearly two decades, the once boring metal has brought out the best and brightest market forecasters to put their money where their mouth is. A Bloomberg survey of 22 analysts reveals that 15 [...]
