Precious metals continue to push higher

|By:, SA News Editor

A moderate global equity selloff is today's excuse, but something about buying the rumor, selling the news comes to mind as gold gains another 1.4% this morning to $1,365 per ounce, its highest level since last fall. Gold's big move began late last year as the Fed initiated the taper, and continues in 2014 as the central bank presses forward with the wind-down, and trots out a few on the FOMC to float the chance of rate hikes as soon as early 2015.

GLD +1.4%, SLV +1.5% premarket

ETFs: GLD, SLV, AGQ, IAU, PHYS, SIVR, USLV, ZSL, SGOL, UGL, DGP, GLL, DZZ, UGLD, DSLV, DGL, DBS, GLDI, DGZ, AGOL, DGLD, SLVO, TBAR, USV, UBG, GLDE, GYEN, GEUR, GGBP