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[Most Recent Quotes from www.kitco.com]

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‘Summer Inertia’ Hits Gold

Doug Casey (July 10th, 2009) Writes:

Gold traded mostly sideways yesterday. Apart from a $10 jump up towards the end of Comex trading and then an equal slide down early on the Globex, it was a tame day. The yellow metal closed at $912.30/oz., up $3.20. Overnight, gold is trending lower. Platinum took off late in Hong Kong yesterday, adding about $16. The rest of the day it trended slightly down to end at $1106/oz., up $9. Overnight, platinum is little changed.

Silver didn’t do much through Hong Kong, but started a roller coaster ride in London that lasted through the Globex only to end the day little changed at $12.82/oz., down 3 cents. Overnight, silver is trending lower. (Click here for charts)

“Summer inertia” has hit gold-market speculators according to Edel Tully at London dealers Mitsui.

“We believe [the Gold Futures] market remains overly long and further liquidation desires remain in the wings. Until this

...

SPDR University weds learning with marketing

ETF Daily News (May 31st, 2009) Writes:

statestreetIn April 2008, State Street’s intermediary business group, which is the investment management arm of State Street Corporation, launched SPDR University—an agile learning portal exclusively for financial advisors.

The intermediary business group is responsible for distributing its SPDR (pronounced “spider”) Exchange Traded Funds (ETFs) and additional products via financial advisors, brokers, and other investment professionals. While State Street is one of the world’s largest ETF providers, competition for advisor mindshare—and assets—is fierce. That’s why State Street made a strategic decision to offer its prospects and customers considerably more than just investment product and performance data.

Gary MacDonald, managing director and director of marketing for State Street’s intermediary business group says, “We needed a marketing approach that strongly differentiated our value from the competition.”

State Street wanted to

1.extend the SPDR brand to its prospects and
2.build greater brand loyalty among existing customers,


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