With a Quiet Dow, All Eyes Are on Goldhttp://www.fool.com/investing/general/2014/02/18/with-a-quiet-dow-all-eyes-are-on-gold.aspx Dan Caplinger
February 18, 2014
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
Tuesday's post-holiday Dow Jones Industrials (DJINDICES: ^DJI) trading session proved to be uneventful. Throughout the day, the index stayed within a very tight range for an unusual lack of intraday volatility on the stock market, closing down 24 points. Yet even though bullion prices gave back some ground from their gains in the global gold and silver markets on Monday, many stock market skeptics believe that gold could prove to be a solid alternative for 2014.
The first thing to remember is that while bullion exchange-traded funds and mining stocks didn't trade yesterday, bullion did. So even though spot gold was down today, the SPDR Gold Shares (NYSEMKT: GLD) were actually up 0.2%. Meanwhile, silver's gain was magnified, with the iShares Silver Trust's (NYSEMKT: SLV) 2.3% rise reflecting two days of strong results.
What you need to know about the World Gold Council report
From an investment standpoint, though, 2013 was mixed. A huge drop in demand for ETFs