|Bid||122.17 x 1200|
|Ask||122.18 x 4000|
|Day's Range||121.73 - 122.29|
|52 Week Range||107.00 - 128.32|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
On October 17, crude oil opened on a stronger note and traded with strength above the opening prices in the early hours.
Much of the discussion surrounding another interest rate hike in December has been about how inflation numbers have remained low.
U.S. Secretary of State Rex Tillerson has said that diplomatic efforts with North Korea will continue 'until the first bomb drops'. Speaking on CNN's 'State of the Union', Tillerson said diplomacy is President Donald Trump's preferred route to rein in the nuclear ambitions of Kim Jong-un's rogue nation, despite the President's recent tweets that Tillerson was wasting his time trying to negotiate with North Korea: "The President has also made clear to me that he wants this solved diplomatically," Tillerson said. "He is not seeking to go to war." Asked if Trump's tweets undermined his diplomatic efforts, Tillerson said connections between US and Chinese leaders were close and that the Chinese "are not confused in any way" about US policy toward North Korea.
Among the miners that we're looking at in this part of the series, Sibanye Gold has the lowest correlation to gold on a YTD basis, while Gold Fields has the highest correlation to gold.
At 7:30 AM EST on October 13, the WTI crude oil futures contracts for November 2017 delivery were trading at $51.62 per barrel—a gain of ~2.02%.
According to the employment data that came out last week, US employment fell in September for the first time in about seven years.
The stock market is roaring to record highs on a near-daily basis, volatility is at record lows and bitcoin is being hailed as the safe haven of the future. In this environment, it's hard to imagine any investors would be buying gold. Yet countless investors from all around the world are doing just that, suggesting yellow metal hasn't lost its luster despite existing in a financial market environment that is widely considered negative for gold. US Demand Down But Solid
Because silver can act as a leveraged play on gold prices, silver prices usually follow gold prices but with greater intensity. This has not been the case so far in 2017, as silver has underperformed gold....
At 7:05 AM EST on October 9, the WTI crude oil futures contracts for November 2017 delivery were trading at $59.38 per barrel—a gain of ~0.18%.
Goldman Sachs will supposedly start trading in cryptocurrencies and two more ETFs have been filed by ProShares while VanEck has withdrawn its filing on regulatory issues.
At 7:15 AM EST on October 5, the WTI crude oil futures contracts for November 2017 delivery were trading at $50.08 per barrel—a gain of ~0.2%.
Equities and safe-havens like gold are historically known to move in opposite directions because gold is often seen as a hedge against overall market risk.
At 7:25 AM EST on October 3, the WTI crude oil futures contracts for November 2017 delivery were trading at $50.48 per barrel—a gain of ~0.04%.