The gold and stock markets cheered on the words of Janet Yellen, the Fed chairman nominee. In her testimony on Wednesday, she said that the Fed should not withdraw the stimulus too soon in the face of a fragile recovery.
Our analysis of mid-sized endowments reveals that, although it's good to be big, it's not decisive for investment performance. In fact, some of these mid-sized overachievers produced industry-leading returns.
The gold futures reached $1,343.60 on Aug. 12, the highest level in about three weeks. The speculators net combined shorts positions in gold declined by a staggering 23,518 contracts in the week ending Aug. 6.