ETF's 2011 - SLV, EWA, GLD, SDS

ETF Watch - 8/22/11 August 22, 2011

Below is an update on some of the most active ETF's in pre market today.

http://blackberrystocks.com/etfs.html

iShares Silver Trust (SLV) - iShares Silver Trust (SLV) is testing $42 this morning as Silver prices jump. SLV is breaking out of a 4 month basing pattern and could be getting ready to surge again.

iShares MSCI Australia Index (EWA) - iShares MSCI Australia Index (EWA) is up 2% this morning as the Australian stock market rebounded overnight. EWA is currently trading back above it's 10 day moving average.

SPDR Gold Shares (GLD) - SPDR Gold Shares (GLD) is popping due to another day up in gold. Gold seems to be in the sweet spot in a bull market but could correct at any time. Set stops on GLD at $175.

ProShares UltraShort S&P500 (SDS) - ProShares UltraShort S&P500 (SDS) is down big today as the stock market is higher. Buying SDS is ok as long as the ETF stock stays above $25.

http://daytradingstockblog.blogspot.com

GLD - Gold ETF SPDR Gold Shares (GLD) Soars

August 18, 2011 - The most popular Gold ETF, SPDR Gold Shares (GLD), is hitting a new 52 week high today as gold prices spike and the stock market average move lower. There was noticeable weakness in European Bank Stocks overnight which is spilling over into the US markets. GLD is currently trading up 1.3% to $176.60 in pre market trading which is a new 52 week high.

SPDR Gold Shares (GLD) seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.

http://daytradingstockblog.blogspot.com