Seeking Alpha

Dude, where's my gold ETF rally?

  • While headlines show a near 5% rally for gold and almost 8% for silver, those ETFS which track the metals - (GLD +0.4%) and (SLV +0.2%) - have barely budged. ETF investors aren't missing out. Instead, it's the metals' official close of trade time - 1:30 ET - meaning yesterday's massive post-FOMC (2 ET) rally will be reflected in today's price change. Both ETFs - where trading doesn't end until 4 ET - soared yesterday.
  • Meanwhile, the non-taper has previously bullish Michael Dudas remaining so, but Commerzbank is more cautious: "Rising equity markets could mean that investors prefer to put their money into equities rather than gold," says the team, which would like to see a trend of inflows into ETFS before getting too excited (money exited again yesterday).
  • The miners are giving back some of yesterday's big gains. Up 9% on Wednesday, the GDX is off 2.4% today. The triple-leveraged bull ETF (NUGT -7.5%) gives back some of yesterday's 27% gain, while the triple-leveraged bear ETF (DUST +7.8%) recoups some of yesterday's 27% swoon.
  • PM ETFs:  GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
  • Gold miner ETFs: GDX, GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING.
  • Silver miners: SIL, SLVP, SILJ.
Comments (6)
  • How many times to I have to tell you?!? Buy the physical, hide it!
    Check my article and comments. If you had been following me you would understand more. The ETF's are like a new paint job on an old car. Looks great but is hard to get started. It will catch up pretty quickly, IF the rally (or selloff continues or holds) It gives you a great traders chance to pick up a few cents, but you have to stay glued to the screen. NO worries matey, it will follow. But, Again, get some silver physical and durned soon.
    Capt. Brian
    The Lost Navigator
    PS I just swapped a pocket of Au for Numismatics this AM.
    19 Sep 2013, 01:27 PM Reply Like
  • Perhaps people are catching on to the fact that "paper" gold has a different value than the real physical you can hold in your hand; perhaps 100th of the value? Hmmm.
    19 Sep 2013, 01:35 PM Reply Like
  • NUGT climbed 35% from the days low on the news. Go for leveraged trading and you can cash out :)
    19 Sep 2013, 03:18 PM Reply Like
  • Its important to make the distinction between paper gold ETF's like GLD and real gold backed in the vault ETF's like Sprott's PHYS.
    I own PHYS. I would never buy GLD.
    19 Sep 2013, 08:34 PM Reply Like
  • Silver closed at $22.92 and 23.06 today, yet AGQ and USLV are DOWN 0.7% are 1.4%!!! I would LOVE and explanation for this as I'm highly invested in both these ETF's as of 2 months ago. They look great I'm just feeling a little robbed and I'm not very experienced with stocks.
    19 Sep 2013, 10:13 PM Reply Like
  • Yup, huge difference in performance between GLD and PHYS

     

    http://bit.ly/1gI5zsk
    20 Sep 2013, 11:05 AM Reply Like
DJIA (DIA) S&P 500 (SPY)