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Web Extra: Why Did Gold Roll Over Despite Drop in Stocks?

Thursday, 19 Aug 2010 | 7:18 PM ET

With the selloff in the markets Thursday, there seemed to be a flight to safety in the Treasury market, but not gold.

Having been long gold, Joe Terranova of Vitrus Investment Partners offered an explanation for why the precious metal rose by just 3%.

This content is only available online—you won't find these trades on TV.

Fast Money Web Extra
The Fast Money traders offer special CNBC.com-only advice on your investments.

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Trader disclosures for Aug. 19, 2010:

Tim Seymour
Seymour owns (AAPL)
Seymour owns (BAC)
Seymour owns (F)
Seymour owns (INTC)
Seymour owns (MSFT)

Guy Adami
Adami owns (AGU)
Adami owns (BTU)
Adami owns (NUE)
Adami owns (C)
Adami owns (GS)
Adami owns (INTC)
Adami owns (MSFT)
Adami’s wife works at Merck

Brian Kelly
Accounts managed by Kanundrum Capital own (RIMM)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own U.S. Dollar
Accounts managed by Kanundrum Capital own Japanese Yen
Accounts managed by Kanundrum Capital own Swiss Franc
Accounts managed by Kanundrum Capital is short (AFL)
Accounts managed by Kanundrum Capital is short (IAI)
Accounts managed by Kanundrum Capital is short (RTH)
Accounts managed by Kanundrum Capital is short the U.K. Pound
Accounts managed by Kanundrum Capital is short (MCO)

Joe Terranova
Terranova owns (V)
Terranova owns (NRG)
Terranova owns (POT)
Terranova owns (OXY)
Terranova owns (GLD)
Terranova owns (BAX)
Terranova owns (PFE)
Terranova owns (SU)
Terranova owns (XBI)
Terranova owns (GOOG)
Terranova owns (LRCX)
Terranova owns (AXP)
Terranova owns (C)
Terranova owns (GS)
Terranova owns (BMO)
Terranova owns (MSFT)
Terranova owns (FCX)
Terranova owns (APA)
Terranova owns (TBT)

Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (DRYS)
Virtus Investment Partners own more than 1% of (EXR)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (XLK)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)

Peter Boockvar
***No Disclosures***

Brent Thill
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Microsoft Corp.

The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Oracle Corporation.

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: Microsoft, Symantec

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-investment banking securities-related services are being, or have been, provided.: Microsoft, Symantec

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: Microsoft

Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: Microsoft, Symantec

Dan Greenhaus
***No Disclosures***

Gene Munster
Piper Jaffray makes a market in (GOOG)

Brian Stutland
***No Disclosures***

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