Mutual Fund Investments in Debt Securities Lowest in 5 Years

Gold Silver Reports (GSR) – Mutual Fund Investments in Debt Securities Lowest in 5 Years – Mutual funds pulled out ₹ 14,085.55 crore from debt securities in May, regulatory data showed, shifting to equities amid rising bond yields and higher fixed deposit rates. According Securities and Exchange Board of India (Sebi), this is the lowest mutual fund investment in debt markets since July 2013. In comparison, debt securities saw mutual fund inflows of ₹ 20,164.82 crore in April and ₹ 9,514.37 crore in May 2017.

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Goldman Sachs Sees Equity Volatility Spillover

Gold Silver Reports (GSR) – Goldman Sachs Sees Equity Volatility Spillover — Strategists led by John Marshall observed that “a large number” of S&P 500 hedges expired over the past three weeks, leaving the average investor more exposed to stock swings. Meanwhile, the Cboe Volatility Index almost doubled in the first quarter as concerns over global trade tensions and the Federal Reserve’s monetary policy stirred up market turbulence. The options gauge, known as VIX, jumped 20 percent to 23.89 as of 12:11 p.m. in New York.

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GDX Gold ETF Weathers Stock Market Selloff

Gold Silver Reports – GDX Gold ETF Weathers Stock Market Selloff v- The gold miners’ stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.

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Gold Futures Post Highest Close Since 2016 in Heavy Trading

Gold Silver Reports – Gold Futures Post Highest Close Since 2016 in Heavy Trading — Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average.

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‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase

Gold Silver Reports – Buy bitcoin to the list of things denting gold’s appeal. — Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.

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