Gold Stable, Cautious on Commodities and Related Markets (GLD, EWA, EWC)

Includes: EWA, EWC, GLD
by: David Fry

I’ve been cautioning subscribers about high-flying markets associated or linked to equally strong commodity markets, writes David Fry, founder and publisher of The ETF Digest. Should commodity prices falter, markets like EWC (Canada), EWA (Australia), and other emerging markets could suffer as well.

copper chart

Copper prices always reflect the true state of demand and price pressure.

copper chart

Despite a strong dollar recovery, gold seems to be stable. The dollar:

dollar chart

The gold ETF GLD:

GLD chart


“When people say ‘I'm gonna kick your ass!’, they never kick your ass, they punch you in the face.