|Bid||23.11 x 1100|
|Ask||23.12 x 100|
|Day's Range||22.83 - 23.20|
|52 Week Range||22.83 - 85.96|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.99%|
The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.
Besides the impact of interest rates, there are also other global indicators that could play on precious metals—the most important being the US dollar.
Several brokerage firms classify options on volatility products as equity options taxed as securities. Our CPA firm established a substantial authority position to treat most of these volatility options as non-equity options with lower tax rates using Section 1256.
Precious metals have been buoyed by tension in North Korea. If North Korea does another missile test, it could prompt investors to move to haven assets such as gold, silver, Treasuries, and major currencies....
The key reason for the debt ceiling deal was to approve aid to Hurricane Harvey victims. A US government shutdown could have adversely impacted relief operations.
The US Federal Open Market Committee (or FOMC) is scheduled to meet on September 19 and 20 to discuss the current economic climate in the US and to decide whether any monetary policy adjustments are necessary....
The governing council of the European Central Bank (or ECB) is scheduled to meet on September 7 in Frankfurt, Germany. The meeting will be followed by a press conference.
August was a volatile month, filled with economic, political, and geopolitical uncertainty. September could turn out to be another nail-biter for the financial markets.
Gold futures for September expiration have risen ~3.9% over the past one-month period. Silver, platinum, and palladium have followed the same track as gold.
Renewed tensions arising out of North Korea's missile launch on Tuesday had a major impact on volatility. Asian markets have declined more than 1% as risk aversion dominated markets.