As the Dollar Index has recovered from a nine-month trough, gold prices have correspondingly retreated. The market does not expect the Fed to alter its QE positions on Wednesday and will monitor the press announcement closely.
Everyone knows that gold and silver have value, but few people understand their real value. Some people say that the current price of gold and silver is too high after rising 12 years. But is that true?
Sector ETFs that have reacted poorly to the no tapering news include regional bank and insurance funds, two sub-industries that had rallied as 10-year Treasury yields surged almost 41% from May 22 through Sept. 17.