Three ETFs To Watch This Week: IHE, SLV, TAN
May 02, 2011 at 04:00 AM EDT
The last week of April was a pretty solid one for markets as equities rose broadly throughout the week to finish the month at fresh highs. While a number of earnings reports were key to the positive investor sentiment, arugably the biggest news story of the week came from the Federal Reserve meeting on Wednesday. In this meeting, which featured the first ever live news conference immediately afterwards, Bernanke pledged to keep rates low for an ‘extended period’ and that a rate hike wouldn’t happen for at least a ‘couple of meetings’. Although the dollar sank on this forecast from the Chairman, it did help to boost commodities to unprecedented heights as gold is now firmly above the $1,500/oz. mark and silver is within striking distance of the $50/oz. level. “Extended period is conditioned on resource slack, on subdued inflation and on stable inflation expectations,” Bernanke said. “Once those conditions are violated or we [...] Click here to read the original article on ETFdb.com. Related Posts: How Will the U.S. Swine Flu Outbreak Affect the Stock Market and ETFs? Three ETFs For $50 Silver This Week In ETFs: April 23rd Edition Five ETF Picks For Your IRA Do You Need A “Pure” Gold Miners ETF?