AGOL
ETFS Physical Asian Gold Shares Trust ETFNYSEARCA
AGOL is defunct since August 14, 2015. Shuttered due to lack of investor interest
  • Nov. 23, 2015, 5:28 AM
    • Crude continued to drop further on Monday, as part of a wider decline in commodity prices and renewed concerns of oversupply with OPEC likely to ramp up output at its next meeting on Dec. 4.
    • "Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market," Venezuelan Oil Minister Eulogio Del Pino declared.
    • The slump is also heavily biting into industrial and precious metals: Copper is now below $4,500 a metric ton for the first time since 2009, nickel lost more than 5% to its lowest level since 2003, zinc is down 4.2%, and gold is 0.7% lower at $1069 an ounce.
    • Crude futures -3% to $40.63/bbl.
    • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, JJC, DTO, UGLD, DZZ, USL, GLDI, COPX, OUNZ, CU, DGL, DNO, DGZ, DGLD, AGOL, JJN, OLO, SZO, GEUR, CPER, UBG, GYEN, OLEM, NINI, CUPM, QGLDX
    | Nov. 23, 2015, 5:28 AM | 34 Comments
  • Nov. 20, 2015, 10:41 AM
    • A Fed interest rate hike in December could knock back the price of gold to ~$1,000/oz., Gold Fields (GFI -3.1%) CEO Nick Holland tells Creamer Media after the company's share price soared 29% in Johannesburg for its best single day of trading since 1999.
    • The uncertainty around a rate increase has played havoc with the gold price in recent weeks, but Holland says long-term fundamentals for gold remain positive, based on projections of inadequate supply; “It doesn’t matter what we do now as an industry, a supply fall-off is inevitable," the CEO says.
    • "Is it three years of pain, four years, five years? We don’t know, but we’re in a long-term business and we can’t take decisions for one year,” Holland said after GFI reported improved Q3 earnings and higher net cash flow to cut net debt to 1.4x EBITDA.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, OUNZ, DGL, DGZ, DGLD, AGOL, UBG
    | Nov. 20, 2015, 10:41 AM | 22 Comments
  • Nov. 17, 2015, 12:24 PM
    • With equity investors back to the business of buying low and selling high, the Fed prepped for a rate hike, and dollar strength continuing, the gold bid is disappearing.
    • 1.5% decline today to $1,066 per ounce has brought the yellow metal to its lowest level in six years. GLD -1.4%
    • Gold is lower by 18% since an early 2015 rally took it all the way past $1,300 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Nov. 17, 2015, 12:24 PM | 32 Comments
  • Nov. 12, 2015, 9:59 AM
    • Down nearly 1% on the session just minutes ago, gold has recouped all of the days losses and more in the space of a few bars, now up 0.1% to $1,086 per ounce. GLD +0.15%
    • The move comes amid sloppy action in stocks - with futures moving from near flat to about half a percent lower just ahead of the open. In early action, the S&P 500 is down by 0.5%, the Nasdaq by 0.6%, and DJIA by 0.8%.
    • Earlier, Mario Draghi promised more QE, if needed, and the Fed's Jim Bullard promised a rate hike. In her opening remarks at a conference, Janet Yellen doesn't touch on the subject.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Nov. 12, 2015, 9:59 AM | 38 Comments
  • Oct. 29, 2015, 9:38 AM
    | Oct. 29, 2015, 9:38 AM | 19 Comments
  • Oct. 23, 2015, 7:42 AM
    | Oct. 23, 2015, 7:42 AM | 14 Comments
  • Oct. 22, 2015, 11:18 AM
    • A rip may not be the best term to describe the move, but gold has poked its head to $1,170 per ounce after dipping below $1K in late July and early August.
    • Though down slightly on the year, the yellow metal is doing a heck of a lot better than pretty much every other commodity.
    • The move higher of late, says Goldman, is due to reduced expectations for Fed rate hikes and sizable increases in Chinese official purchases in Q3. Still, Goldman's base case is for a December Fed boost of 25 basis points followed by another 100 basis points next year. The timing may be in question, but highr real rates generally aren't good for gold.
    • "A plausible range of scenarios all imply lower gold prices,” concludes the team.
    • Gold is flat on today's session.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 22, 2015, 11:18 AM | 23 Comments
  • Oct. 22, 2015, 3:34 AM
    • Gold has recaptured its shine in recent months, but that doesn't change the cloudy outlook for the precious metal over the longer-term, warns Goldman Sachs, which sees prices falling to $1,000 in 12 months as the Fed normalizes monetary policy.
    • The yellow metal has rallied almost 8% since mid-July reflecting a reduction in expectations for a U.S. rate hike in 2015, a spike in global equity market volatility and lower U.S. long-term real rates. It's currently trading at $1,168 an ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 22, 2015, 3:34 AM | 65 Comments
  • Oct. 15, 2015, 4:14 AM
    • Gold prices held overnight gains and are heading higher for a fifth day, as a weaker dollar and soft U.S. economic figures add to expectations the Fed will delay a rate hike in 2015.
    • Investors are now looking ahead to U.S. data on consumer prices for further indications on the direction of interest rates.
    • Analysts expect the headline CPI to fall by 0.2% for the month, but anticipate that the core reading will inch up 0.1% from its level in August.
    • Gold +0.5% to $1,185.60 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 15, 2015, 4:14 AM | 9 Comments
  • Oct. 14, 2015, 3:46 AM
    • Hitting fresh three-month highs, Gold is extending gains to a fourth straight session, bolstered by a weaker dollar, concerns about earnings season and a delay to a Fed rate hike.
    • Weak China data today, along with yesterday's comments from Fed Governor Daniel Tarullo, have investors further doubting a rate increase in 2015.
    • The yellow metal is now up 0.8% to $1,175.10 an ounce - its highest level since July 6.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 14, 2015, 3:46 AM | 7 Comments
  • Oct. 12, 2015, 4:24 AM
    • Gold has climbed to a seven-week high bolstered by a weaker dollar and continuing expectations the Fed won't hike interest rates in 2015.
    • "Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer's weekend comments," said Ric Spooner, chief analyst at CMC Markets.
    • The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since August 24, following a 1.6% advance in the previous session.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 12, 2015, 4:24 AM | 20 Comments
  • Oct. 6, 2015, 8:32 AM
    • Gold has plenty going for it - particularly a Fed reluctant to hike rates amid a run of lame economic data. The metal's inability to break higher, says UBS, suggests many investors just don't care. "Investors' thresholds for warming up to gold are relatively high at the moment - stronger evidence seems to be needed in order to shift gold sentiment materially."
    • "The key missing piece for gold right now is physical demand and this seems to have captured market participants' attention. Lackluster physical buying so far during this typically-strong period is disappointing investors and likely adding to the reluctance."
    • Gold is flat in morning action at $1,138 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 6, 2015, 8:32 AM | 30 Comments
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Sep. 24, 2015, 3:18 PM
    • The yellow metal is ahead 1.7% to $1,150 per ounce, its highest level since the panicky action of late August. It's been able to hold its gains today despite a big bounce in U.S. stocks - down just modestly now after being lower by well more than 1% a couple of hours ago.
    • Caterpillar remains lower by 6.25% after cutting 2015 guidance, warning on 2016, and setting in place major job cuts. Interest rate markets are busy pricing out chances of a Fed rate hike this year - now a roughly 50/50 proposition.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Sep. 24, 2015, 3:18 PM | 23 Comments
  • Sep. 18, 2015, 7:13 AM
    • Trading at about $1,115 per ounce head of the FOMC decision yesterday afternoon, the yellow metal jumped about $15 per ounce in the immediate aftermath of the news, and has tacked on more this morning, now going for $1,137.
    • The statement, economic projections, and Yellen press conference did imply at least one rate hike is still coming this year, but October hardly seems likely at the moment. ZIRP could remain in place at least another three months.
    • GLD +0.4% premarket
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Sep. 18, 2015, 7:13 AM | 50 Comments
  • Aug. 28, 2015, 11:00 AM
    • Slightly in the red for most of the morning following yesterday's melt-up, crude oil has turned sharply higher again in the past few minutes, now up 3.75% to $44.16 per barrel. Black gold had traded south of $38 during Monday's panic.
    • Asleep for most of the week as the markets tossed and turned, gold has moved higher by 1.15% to $1,135.50 per ounce.
    • There's no particular news out, but an appearance on CNBC by leading Fed dove Kocherlakota (not a FOMC voter this year) makes for a good excuse. Given the weakening inflation numbers, the Minneapolis Fed boss said a near-term rate hike would not be appropriate. More interesting, he's not against consideration of QE4, and says the Fed still has asset-purchase tools.
    • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, DTO, UGA, UGLD, DZZ, USL, GLDI, OUNZ, DGL, DNO, DGZ, DGLD, AGOL, UHN, OLO, SZO, GEUR, UBG, GYEN, OLEM, QGLDX
    | Aug. 28, 2015, 11:00 AM | 84 Comments
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