Gold Investors Sit on Sidelines Through Easter Weekend

Gold on Tuesday posted its worst loss in 2014 and has led analysts to suggest investors stay on the sidelines until Easter passes. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that waiting until next week to jump back into the gold market and the other precious metals is a good idea. Concerning the World Gold Council's report that Chinese gold demand will consolidate in 2014 but grow in the long term, McGlone says investors could have figured this out.

Related Videos


  • Gold Tumbles as Investors Price in Crimea Crisis and Federal Reserve Taper

    Gold futures were tumbling by double-digit prices as investors begin to price in the Crimean crisis and the Fed to keep up the pace of its tapering. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that gold likely will trade in a tight range now that the market is finding some stability in the Crimea situation and as the Fed's Janet Yellen continues where her predecessor left off. McGlone says the only surprise would be if the Fed tapers more aggressively.

  • Why Gold Isn't Budging Despite a Lack of Surprises From the Fed

    Gold traders remain on the sidelines as the market awaits word from the Federal Reserve as to what the central bank's latest policy statement will say. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that despite most market participants having a good idea what the bank will say, it's not enough to trigger more activity as few catalysts are in the market to push prices in one direction.

  • Gold Prices Surge Despite Strong March Labor Report

    Gold prices surge by $15 an ounce, despite a report that showed the U.S. economy added 192,000 jobs in March. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that it would be misleading to think that gold's move is a reaction to the jobs report. Instead, McGlone thinks the price jumped because the yellow metal has been oversold. And since the jobs report didn't print far better than expected, McGlone says investors had reason to buy.

  • Gold Prices Pare Losses After Terrible U.S. GDP Report

    The Commerce Department on Wednesday reported that first quarter GDP contracted by 2.9%, the worst year-over-year quarterly reading since first quarter 2009. Gold prices, which already had been falling, regained some of those losses on the news. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that a bad economic quarter does lend some support to gold, but says he remains more bullish on silver as industrial production picks up worldwide.

  • Gold on Roller Coaster 2014 Start as Price Falls Again

    Gold prices fall on Wednesday for the second consecutive session following two positive days to start 2014. ETF Securities U.S. Research Director Mike McGlone tells TheStreet's Joe Deaux that investors should wait a few more days to grab a sense of which direction the gold market is headed in the near future.

  • Gold Rises for the First Time in Three Days

    Gold prices are rising for the first session since last week as the U.S. dollar weakens. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that gold is marking its time at the moment. McGlone suggests investors should keep an eye on silver, which he thinks could bounce soon. Concerning platinum and palladium, McGlone says those white precious metals are suffering from strike talks in South Africa. Short term platinum and palladium should brace for further declines.

  • Gold Forward Rates, Futures in Backwardation for First Time Since 2001

    The gold forward offered rate and futures prices are in backwardation for the first time since 2001, ETF Securities U.S. Research Director Mike McGlone tells TheStreet's Joe Deaux. McGlone says he thinks this is a sign for more support under gold prices. McGlone also says the recent struggle in emerging markets has pushed gold higher on its appeal as a 'quasi-currency.' Gold prices rose double-digits on Wednesday after a January private payrolls report printed weaker than expected.

  • Gold Prices Pop as Russian Troops Build Near Ukraine Border

    Gold prices pop Wednesday as Russian troops build near Ukraine's eastern boarder. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux the Ukraine crisis provides gold luster as a safe haven investment, but also says Chinese economic slowdown concerns add to the price gains. McGlone says if the Ukraine crisis calms down, there is a reasonable chance that gold falls to test the $1,300 an ounce price level. Gold on Wednesday rose as much as $22.

  • Gold Prices Rose the Last Time the Fed Tightened Monetary Policy

    Gold prices are slightly lower ahead of the release of the Fed's latest policy-making minutes. Despite this intraday dip and the Fed's pullback in economic stimulus, the yellow metal is up about 10 percent for 2014. When asked what central bank action it would take to sink gold prices, ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that significant tightening would be necessary.

  • Gold Price Action Could Remain Flat Through 2013

    Gold prices could remain in a tight trading range through the rest of the year as market participants square away 2013 positions, ETF Securities' Mike McGlone tells TheStreet's Joe Deaux.

  • Gold Demand Tumbles 15 Percent in 2013 as ETF Selling Sinks Market

    Gold demand tumbles 15 percent in 2013 due to ETF selling and a slow in central bank purchasing, the World Gold Council reports. When asked why central banks wouldn't buy more gold after the price dropped 28 percent during the year, World Gold Council managing director of investment Will Rhind tells TheStreet's Joe Deaux central banks don't time markets, they purchase based on what's good for monetary policy.

  • Gold Market Unaffected by Federal Reserve as Currencies Grab Limelight

    Gold prices are gaining Wednesday but it is huge swings in global currencies that are influencing the market, ETF Securities U.S. Research Director Mike McGlone tells TheStreet's Joe Deaux.

Other Advice Videos


  • Louise Langheier on Two Ways to Give Better Career Advice

    In Chapter 7 of 21 in her 2014 Capture Your Flag interview, social entrepreneur Louise Langheier answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Langheier shares two ways she has learned to give better advice. The first is honing in on the specific question the person seeking advice is really trying to answer. The second is appreciating the learning experience that comes with being asked to give advice.

  • Conrad Doucette on Giving Better Advice When Asked for Help

    In Chapter 17 of 17 in his 2013 Capture Your Flag interview, musician and digital strategist Conrad Doucette answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Doucette puts himself in the shoes of the person asking for advice. In his younger years he would have dispensed advice based on his point of view rather than the perspective of the person asking for advice. Conrad Doucette is a Brooklyn musician and the drummer for the band Takka Takka.

  • Most Advisers Aren't Afraid of "Robo" Advice

    Online investment services aren't just for young clients and low-balance accounts; "robo" advice can help any wealth advisory firm grow, says Bernie Clark, the head of Schwab Adviser Services. "Robo" advice is complementary and an opportunity, Mr. Clark says.

  • Mark Graham on Essential Advice Every Intern Needs to Know

    In Chapter 14 of 15 in his 2013 Capture Your Flag interview, media executive Mark Graham answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Graham shares what he does to counsel interns on how to build career skills in an internship and get a full-time job working in media and entertainment. He shares the importance of making connections and keeping in touch with your professional network. Additionally, he shares the importance of saying yes and taking initiative.

  • The Best Money Advice from Your Mom

    What was the best money advice you ever got from Mom?

  • StubHub President On Best & Worst Career Advice He's Ever Received

    Chris Tsakalakis, president of StubHub, joins Ricky to share the best and worst career advice he ever received.

  • Nina Godiwalla on Smarter Ways to Give Advice When Asked for Help

    In Chapter 16 of 18 in her 2013 Capture Your Flag interview, author and entrepreneur Nina Godiwalla answers "How Have You Learned to Give Better Advice When People Ask You for Help?" Godiwalla shares how she is getting better about handling advice requests. She learns she can be more effective making introductions by playing a translator role to facilitate connections. This complements sitting down for an advice conversation and getting a longer view perspective of questions being asked.

  • Jaffe's Advice to Graduates Entering the Real World

    What advice would you impart on this year’s college graduating class? MarketWatch’s Chuck Jaffe has a daughter making the leap from the campus to the real world, and his latest column is both a graduation speech and a blueprint for adulthood.