Editor’s Note: PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), SPDR S&P 500 ETF Trust (NYSEARCA:SPY), SPDR Gold Trust (ETF) (NYSEARCA:GLD), Market Vectors Gold Miners ETF (NYSEARCA:GDX), Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ)
Investor’s Alert – PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), Apple Inc. (NASDAQ:AAPL), Twenty-First Century Fox Inc (NASDAQ:FOXA), Yahoo! Inc. (NASDAQ:YHOO) (SBWire)
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) remained a bull for the day as it reported the upward momentum of 0.44% and closed at $75.68 after gaining total volume of 18.84 million shares. Its introductory price for the day was $75.49. So far, the company’s stock is up +2.01% in the three months period. In the last 6 months of trade it reported a gain of +12.64%. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) (the Trust) is a unit investment trust that issues securities called PowerShares QQQ Index Tracking Stock.
Interesting SPY Put And Call For September 2014 (Forbes)
Investors in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) saw new options become available this week, for the September 2014 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 395 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. The put contract at the $155.00 strike price has a current bid of $8.82. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $155.00, but will also collect the premium, putting the cost basis of the shares at $146.18 (before broker commissions).
Gold swings before Fed minutes amid signs of increased demand (Livemint)
Gold fluctuated between gains and losses before the US Federal Reserve releases minutes from its last meeting, which may provide clues on whether the pace of stimulus will be slowed amid signs of increased bullion demand. Holdings in the SPDR Gold Trust (ETF) (NYSEARCA:GLD) increased to 914.12 metric tons on Tuesday, after last week capping the first weekly gain this year. In China, volumes for gold of 99.99% purity climbed to 10,926 kilograms on Tuesday, the highest since 2 August, according to data from the Shanghai Gold Exchange.
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) – Where will SPY go from its 50-day SMA? (FinancialsTrend)
After April – May and June – July this is SPDR S&P 500 ETF Trust (NYSEARCA:SPY)’s third drop to its SMA 50-day line. As ‘buy on dip’ strategy was recommended for SPY it’s a high time for bulls to exercise decision whether this dip is ready to buy. Between June and July the stock kept trading around its 50-day line for quite a long time before up surging and touching its all-time high of $170.97 during August. Technically it is more likely to break the level the longer the stock trades around it. Hence it is important to watch how quickly SPDR S&P 500 ETF Trust (NYSEARCA:SPY) will rebound off its 50-day line.
SPDR Gold Trust (ETF) (GLD), Barrick Gold Corporation (USA) (ABX): Swirling Influences Drive Gold Higher (Insider Monkey)
In addition to this demand, there are other signs that strong demand is helping to stabilize and drive prices. Last Friday, the SPDR Gold Trust (ETF) (NYSEARCA:GLD) – the world’s largest gold ETF – increased its supply of stored physical gold by 1.8 metric tons. Still, the World Gold Council has warned that demand has not been sufficient to keep pace with the decline in investor interest – hence the significant fall in gold prices.
Gold’s Immediate Fed Reaction: Nothing New Here, So Why Not Buy? (Barron’s)
After a few minutes of frantic selling, the gold market’s reaction to the latest word from the Federal Reserve is something along the lines of Nothing new here, move along, please. Gold’s price is up 0.3% to $1,377 shortly after 2:30 p.m. ET, and the second-quarter gold fire sale — which came in the context of fears of rising interest rates — is nowhere to be seen. It’s left SPDR Gold Trust (ETF) (NYSEARCA:GLD) with a 0.5% gain, at $133.15. Market Vectors Gold Miners ETF (NYSEARCA:GDX) and Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) are down by 1.4% and 0.5%, respectively. iShares Silver Trust (SLV) is a bright spot (again), gaining 1.3%.