Gold Trust Shares - - SPDR - ETF (NYSEARCA:GLD) -- Bi-Monthly Update
Again - Today I am one of my "toots" because I just keep reading unwanted articles about Gold being ready to Buy again - for Huge Gains. Rather than share my, likely "unwanted" thoughts, I will just say: IT IS NOT A BUY AT THIS TIME. It could be in the foreseeable future but I strongly recommend that you HOLD-CASH.
Yes, another rally could be in the making for this ETF and even Gold - Spot Price, but I must advise holding Cash for at least awhile longer.
My Weekly study of all my High Profile Basic Materials / Gold - Indices / Mining Companies / ETFs is in the books, meaning documented in my on going notes. I like to use my tools to read the probable direction of Gold, Precious Metals and Metals and Mining. That's because of the above remarks that there is so much CHAFF and Very Little WHEAT being published that I like how my many, many years of gaining experience in the study of Gold and ETFs like (GLD) - - - has paid off so well. I love this work and it is why I continue while in retirement.
My objective is to identify the ever-changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This week's commentary on - Gold Trust Shares - - SPDR - ETF (GLD) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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My Mission is to provide guidance and direction for conservatively providing consistent annual and superior profitable results for each Formal Recommendation I make to my Clients.
The Difference Between You and the Pros: Clearly you should be profitable and making money by owning Gold ETFs. Via my Emails, I have found that many Investors are struggling with other securities they are holding. I have offered direction to hundreds of Investors and can share with you why you are perhaps holding losing securities and provide a conservative and low risk remedy.
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Forecast & Opinion from my Study / Analytics:
Gold Trust Shares - - SPDR - ETF and other Mining Companies are tracking well. Although Gold Trust Shares - - SPDR - ETF is in a strong Pull-Back it is always an excellent contributor to my Analytics.
My Forecast for Gold is not and has not been as bright as you may be lead to think by a large number of blogging sources! Hum . . .
If you own or are considering owning Mining Companies - or - Gold / ETFs, the securities are currently not a pretty picture. Prudent investing just does not support ownership at this time. Gold Trust Shares - - SPDR - ETF is currently very weak Technically and I have reservations about my very weak Fundamental Valuations. I placed it on a Strong Bearish Forecast - "Warning." That was way back in late 2011.
My Opinion is to HOLD-CASH in anticipation of a Bottom which at this stage cannot be Forecast - - other than to say - - there is a Possibility of a Bottom in the making. I said: "Possibility."
Fundamentals: My Analytics (weighting) for my Fundamental Valuations (of each Mining Company) plays a vital role in profitable managing money. At this time my Valuations of (GLD) (Mining Companies) are not as positive at perhaps you are being told by other sources. Plainly stated they are Descending.
Technically: My Technical work / analytics is both unique and profitable. The current rally is fading for the near-term, so don't get Greedy! (GLG) is currently selling for: $127. - - down a a BUNCH from the Highs of 2011.
It peaked at $180.and so far has fallen to a low of $118. That is a lose of over 30%. And very Unacceptable Asset Management on the part of this ETF and Investors that have chosen to HOLD! I took my Clients out of Gold at the highs way back in late 2011. Have a loooong look at many Mining Companies - the picture is even worst.
I post frequently in my Personal Blog on Gold, Silver, and other Commodities. Please see my URL to visit my blog below.
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A Twenty Year Perspective of Gold Trust Shares - - SPDR - ETF (GLD)
It has NOT always been like you are being told by so many who do not take the time to Invest Wisely. Gold Trust Shares - - SPDR - ETF (GLD) has taken some big hits over the years. The entire period of 1980 through 2001 Gold was in a declining posture. That means, you lost money if you held Gold for over 20 years.
URL for (20-years of Gold - Spot Price and a bit less for - (GLD): http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=20&mn=0&dy=0&id=p09298227245&a=310617132
A Rather Unique Chart / Graphic on (GLD):
URL for this representation of - (GLD): http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=1&mn=6&dy=0&id=p22494856116&a=304967599
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"Selectivity" is what I preach (along with Discipline and Patience) and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just click - - > http://seekingalpha.com/instablog/121308-steven-bauer/2066602-flash-update-be-selective-ii
Here are a number of the component ETF / Peers in the Gold realm that I focus on rather frequently: GLD, GDX, GDXJ, IAU, GDX, DGL, DZZ, UBG.
If I can be of help just Email me. Serious Investors Only - Please!
Should you wish to read my latest article on the following Companies and ETFs - - Just Click on the Symbol. You will be taken (Linked) to my most current article as well at my last 20 articles on that Company or ETF. (It is an excellent way to gain insight into the accuracy of my Forecasts and Opinions). Just so you know you will have access to over 600 articles where I share my Analytics. In addition I have recently published all 500 of the S&P 500 Large-Cap component Companies. And, 200 of each of the S&P 400 Mid-Cap and S&P 600 Small-Cap component Companies. I stay quite busy doing my homework for my Clients.
I hope you will find my "stuff" very well worth your Time and very Accurate.
Thanks. . .
Smile, Have Fun, "Investing Wisely,"