Gold Rallies As Swiss Abandon Euro FLoor

Investing in Gold

  • Gold’s ahead by 1.4% to $1,252 per ounce – its highest level in three months – as the SNB, after nearly four years, gives up trying to defend the CHF 1.20 floor under the euro/franc exchange rate.
  • With the franc higher by 14% at last check, gold is cratering in Swiss terms, but is nicely higher when measured against all other currencies.
  • GLD +1.8% premarket
  • The gold miiners are

Terry Sacka Discusses “BRICS Nations & the Impact on the U.S. Dollar Dominance” on The Wealth Transfer

Terry Sacka discussing the BRICS Nations & the Impact on the U.S. Dollar Dominance on the Wealth Transfer show. The Wealth Transfer is a weekly program airing Thursdays at 10pm (EST) on the Christian Television Network (CTN) with host Dr. Charles Vance and featured speaker Terry Sacka, AAMS discussing global economics, biblical & financial principles, and the

Examining GLD In Relation To The U.S. Dollar And Russia

Investing in Gold

Summary

  • The recent developments in Russia may also play a role in the progress of GLD.
  • The upcoming non farm payroll report could bring further down GLD.
  • Let’s examine the relation between GLD and U.S. dollar.

By Lior Cohen

The price of the SPDR Gold Trust (NYSEARCA:GLD) declined by only 3% during 2014. Nonetheless, the ETF also recorded an 11% drop in