Gold ETFs Receive Scary Forecast

The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) and other gold exchange traded products enjoyed solid performances last week on the back of the November jobs report. However, investors should be careful if they expect a lengthy move higher for downtrodden gold ETFs.

Although precious metals ETFs have recently displayed some strength, gold is still in a lengthy bear market, giving some traders pause about how much more near-term upside the yellow metal has in store… Read Full Article

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