Trade Gold and Silver with Zecco
Online discount broker Zecco Trading keeps rolling out new service.
Early this year, Zecco introduced Zecco Forex Trading, a platform that allows Zecco customers to trade foreign exchanges. Now you can even buy gold and silver if you are interested in investing in precious metal, right from the Forex platform.
Gold has crossed the $1,000/ounce mark again [...]
Where Is Gold Heading to?
I am a firm believer of investing in gold.
Having been investing in gold since 2002 (Tocqueville Gold Fund (TGLDX) is my main vehicle to invest in gold though I have also bought a few gold coins in the past couple of years), I was pretty excited when gold broke the key $1,000/ounce mark in March [...]
A Few Options to Invest in Gold
if you are interested in having the bullion in your portfolio, of course.
ETFs
This is probably the easiest way to invest in precious metals, gold and silver. There are some several precious metal ETFs available as I discussed in my previous post. Among them, two are very popular: SPDR Gold Shares (GLD) and iShares Silver Trust [...]
Should Gold be in Your Investment Portfolio?
I have talked a lot about gold here. The reason is I am a believer that gold, not physical gold though, should have a place in the portfolio, not exactly for hedging against information but for diversification. Take a look at the performance of the stock market and gold since 2007, for instance. After [...]
Random News: 252 Banks on FDIC Problem List, Worst February for the Dow, and Gold Pullback
Yesterday, the Federal Deposit Insurance Corp. (FDIC) released its last quarter banking profile (PDF) of 2008 and the banking sector is still very weak, despite hundreds of billions of dollars infusion from the government. At the end of 2008, a total of 252 banks were placed on the FDIC’s problem bank list, up from 171 [...]
Gold and Silver ETFs
As I mentioned early, gold has made a tremendous run lately. The main force behind the gold rally is the deterioration of economies around world. Despite the passage of the $789 billion economic stimulus package over the weekend, gold price keeps climbing up after the holiday. Currently spot gold is traded at $967 an ounce, [...]
Random News: Northern Trust to Close 17 ETFs, More Bank Closures, and $1,000 Gold (?)
In the exchange-traded fund (ETF) world, things have happened fast and furious. According to an article on Financial Planning, a total of 434 ETFs were launched in 2006 and 2007. In 2008, a very bad year for stock and mutual fund investors in general, another 164 new ETFs were introduced, as financial firms try to [...]
Gold Price Reached 6-Month High As Equities Tumbled
In case you didn’t notice, the bullion has quietly made a comeback as stocks fell. On Friday, spot gold surged $22.20 (2.4%) to reach $927.20 an ounce, the six-month high (see the following chart from Market Club), after a government report showed that GDP contracted at an annual rate of 3.8% in the last quarter [...]
Fibonacci Rule and How to Use it in Trading Gold Explained
Do you know what Fibonacci rule is?
Basically, Fibonacci sequence is a sequence of numbers in which each successive number is equal to the sum of the two preceding numbers, such as 1, 1, 2, 3, 5, 8, 13, . . . The rule used to generated Fibonacci sequence is called Fibonacci rule, which can be [...]
What Is Going on with Gold?
The stock markets are pretty volatile these days with huge up-and-down swings happening almost on a daily basis (the past month has produced 5 of the 10 largest drops of the Dow). At the same time, gold, which I follow quite closely, also had some roller coaster rides lately, but the general trend of gold [...]
