3 Precious Metals Stocks That Glitter (News: 10/06/16)
Today’s Press
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Global stocks slip as Brexit jitters feed Bund bonanza
Europe’s benchmark government bond, the 10-year German Bund, had a zero yield firmly in its sights on Friday as worries about a potential British exit from the EU and weakened U.S. rate hike expectations extended the week’s global bond rally.
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It”s a Good Thing the Fed Has Missed its Chance to Raise Rates
For two years now the Fed has charted a path to steadily raise interest rates, but has regularly pulled back because the economy suddenly weakened, inflation dropped, or the financial markets acted up. The Fed still thinks rates will gradually rise as unemployment falls, which leaves it “looking for windows of opportunity to raise rates,” as my colleague Jon Hilsenrath has argued.
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3 Precious Metals Stocks That Glitter
You don”t have to be a “Gold Bug” to buy precious metals stocks. In fact, investors of every type and risk profile should consider owning some gold today. Why? For starters, the price of gold is uncorrelated to just about any other asset except silver. And that”s a good thing when it comes to reducing the risk in your portfolio. Even though gold fluctuates in price over time, it will reduce the risk and year-to-year fluctuations in your portfolio.
Forex Quotes:
- USDJPY: 106.78
- EURUSD: 1.1303
Indices:
- S&P 500: 2,115.48
- NASDAQ : 4,958.62
Source:: 3 Precious Metals Stocks That Glitter (News: 10/06/16)