SPDR Gold Trust ETF
 (GLD)

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  • Wed, Feb. 3, 5:33 PM
    | Wed, Feb. 3, 5:33 PM | 56 Comments
  • Wed, Jan. 27, 2:10 PM
    • The S&P 500 (SPY -0.1%) and DJIA (DIA -0.3%) remain near flat, and the Nasdaq (QQQ -0.9%) modestly lower after the FOMC considerably softens its recent hawkish tone.
    • Trading at 2.05% ahead of the announcement, the 10-year Treasury yield slips to 2.02%. TLT -0.2%, TBT +0.4%
    • Gold adds $6 per ounce to $1,121 - right about its highest level since late October. GLD flat on the session.
    • The dollar (UUP -0.2%) weakens across the board, and is now modestly lower today.
    • Previously: Fed waves white flag (Jan. 27)
    | Wed, Jan. 27, 2:10 PM | 19 Comments
  • Tue, Jan. 26, 2:10 PM
    • The rush back into equities and oil today isn't dampening the bid for gold, currently higher by 1.5% to $1,122 per ounce - a level not seen since late October. The yellow metal is now ahead of nearly 6% this year.
    • An earlier report from Bloomberg showed Chinese gold imports from Hong Kong jumped 67% in December to 111.3 metric tons - the highest level in more than two years. Helping to fuel demand was a sinking stock market, depreciating currency, and the lowest gold prices in years.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Tue, Jan. 26, 2:10 PM | 43 Comments
  • Thu, Jan. 14, 3:05 PM
    • With equity investors getting back to the business of buying low and selling high, the interest in gold fades further. It's down 1% on the session to $1,076 per ounce.
    • The metal's actually been slipping since late last week after popping through $1,100 late on Thursday. It still remains higher by about 1.5% in 2016.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Thu, Jan. 14, 3:05 PM | 20 Comments
  • Fri, Jan. 8, 8:49 AM
    • U.S. stock index futures have added to gains following the strong December jobs print, with the S&P 500 now higher by 1.25%.
    • Jobs were up 292K in December vs. 200K expected, and November/October gains were revised higher. The unemployment rate held steady at 5%.
    • The 10-year Treasury yield popped up to 2.20% right after the report, but is returned back to 2.18% - up three basis points on the session. TLT -0.4%, TBT +0.8% premarket
    • Gold (NYSEARCA:GLD) has added to losses, now lower by 1.3% to $1,094 per ounce. GLD -1.1% premarket
    • Oil has added to its gains, now up 1.4% to $33.81 per barrel. USO +0.6% premarket
    • The dollar (UUP, UDN) pops higher, now up 0.75% on the session. Particularly weak is the euro (NYSEARCA:FXE), down 1.2% to $1.08.
    • Previously: Strong upward revisions add to December jobs beat; wages and hours worked flat (Jan. 8)
    • Previously: Big jobs beat in December (Jan. 8)
    | Fri, Jan. 8, 8:49 AM | 15 Comments
  • Thu, Jan. 7, 2:15 PM
    • In check for most of the day, gold has surged above $1,100 per ounce for the first time in two months as the major U.S. averages dip to new session lows - the S&P 500 down 2.3% and Nasdaq off 2.9%.
    • Gold is up 1.5% to $1,109 per ounce.
    • The Fed's still talking a hawkish game, but the PBOC guided the yen down the most since last August's devaluation, and the Bank of Canada is making rumblings about north-of-the-border style QE.
    • The World Gold Council: “The effect that U.S. rates have had on the gold price is overdone and may take a back seat this year. Four years after gold’s nominal high, amid expensive stock valuations and high market risks, gold’s role as a portfolio diversifer and tail risk hedge is particular(y) relevant.”
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Thu, Jan. 7, 2:15 PM | 11 Comments
  • Wed, Jan. 6, 9:44 PM
    • The Shanghai Composite has tumbled 7.3% in the opening minutes of trade, triggering a circuit breaker shutting down trading for the 2nd time this week.
    • Under the new rules which came into effect at the start of the year, a 5% move triggers a five-minute halt for stocks, while a 7% move shuts down the action for the rest of the day.
    • The Hang Seng has no circuit breaker, and it's down 2.4%, though a separate gauge of Chinese shares is lower by 4.4%.
    • U.S. stock index futures (DIA, SPY, QQQ) are lower by just over 1%.
    • Oil (NYSEARCA:USO) is carving out new bear market lows, down 1.8% to $33.36 per barrel, and gold (NYSEARCA:GLD) is up another $7 per ounce to $1,099.
    • The 10-year U.S. Treasury yield is down another two basis points to 2.15%.
    • Broad China and Hong Kong ETFs: FXI, EWH, YINN, PGJ, GXC, FXP, YANG, CHN, MCHI, TDF, XPP, YAO, GCH, YXI, CN, CXSE, FCA, FCHI, JFC, FHK
    | Wed, Jan. 6, 9:44 PM | 158 Comments
  • Wed, Jan. 6, 2:49 PM
    • Add together geopolitical concerns, falling stock prices, crumbling oil, and the idea the Fed may have gotten it wrong when it tightened monetary policy last month, and gold gets off to a big start to the year.
    • In fact, since the Fed hiked in mid-December, the three best-performing asset classes are the VIX (NYSEARCA:VXX), the gold miners (NYSEARCA:GDX), and gold (NYSEARCA:GLD). After that are utilities (NYSEARCA:XLU) and long-dated Treasurys. Go figure.
    • Today's 1.35% gain in gold has the metal up about 3% in 2016, and at $1,093 per ounce, its highest price since early November.
    • Previously: Oil tumbles to new bear market low (Jan. 6)
    • Previously: FOMC Minutes: Rate hike a "close call" for some (Jan. 6)
    | Wed, Jan. 6, 2:49 PM | 32 Comments
  • Mon, Jan. 4, 7:27 AM
    | Mon, Jan. 4, 7:27 AM | 16 Comments
  • Dec. 31, 2015, 3:08 AM
    • Gold's image as a safe haven asset is getting even more tarnished as the metal heads for its third-straight annual loss and its longest slump since 2000.
    • It's down 10% this year following a 1.4% drop in 2014 and a 28% loss in 2013.
    • The decline comes as the dollar continues to surge on the back of monetary policy tightening in the U.S and a collapse in commodities prices from iron ore to oil.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 31, 2015, 3:08 AM | 19 Comments
  • Dec. 28, 2015, 12:57 PM
    • Much like oil/gas firms (hurt by fresh oil price declines), coal, gold, and silver miners are having a rough day. End-of-year tax and fund selling could be playing a role. Comex gold is down a moderate 0.6%, and Comex silver down 3.2%. The S&P is down 0.5%.
    • Notable coal decliners: Peabody Energy (BTU -13.6%), Westmoreland Coal (WLB -6.4%), CONSOL Energy (CNX -9%), and Cloud Peak Energy (CLD -4%).
    • Notable gold decliners: Goldcorp (GG -3.5%), Barrick Gold (ABX -3.1%), Newmont Mining (NEM -4%), Kinross Gold (KGC -3.8%), Gold Fields (GFI -6.7%), AngloGold Ashanti (AU -5%), Harmony Gold (HMY -6.5%), and Sibanye Gold (SBGL -4.2%).
    • Notable silver decliners: Silver Wheaton (SLW -3.8%), Pan American Silver (PAAS -3.6%), First Majestic Silver (AG -6.9%), Tahoe Resources (TAHO -4.9%), and Coeur Mining (CDE -5.8%).
    • ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, GLL, UGLD, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, USV, GEUR, UBG, GYEN, TONS, QGLDX
    | Dec. 28, 2015, 12:57 PM | 36 Comments
  • Dec. 17, 2015, 2:48 PM
    • With today's 2.4% decline, gold has given up about $25 per ounce since the Fed boosted interest rates by 25 basis points yesterday.
    • At $1,051 per ounce, the metal is cents above the multi-year lows it hit earlier this month. Slumping alongside is silver (NYSEARCA:SLV), down 3.7% to $13.73
    • The GLD hit a new 52-week low of $100.24 today, and is currently down 2.1% to $100.63.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 17, 2015, 2:48 PM | 62 Comments
  • Dec. 16, 2015, 2:17 PM
    • Currency traders sell the Fed rate hike news, taking the dollar index (NYSEARCA:UUP) slightly into negative territory vs. solid gains ahead of the central bank's 2 ET statement and revised economic projections.
    • Neither held too much surprise, with the "dots" continuing to show expectations for a Fed Funds rate of 1.4% at the end of next year.
    • As for gold (NYSEARCA:GLD), it's volatile, but remains about 1% higher at $1,072 per ounce, and oil continues 4% lower at $35.80 per barrel.
    • Previously: Stocks add to gains following Fed (Dec. 16)
    • Previously: Fed projections: 1.4% Fed Funds by the end of 2016 (Dec. 16)
    • Previously: Fed officially puts an end to ZIRP (Dec. 16)
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 16, 2015, 2:17 PM | 8 Comments
  • Dec. 4, 2015, 12:12 PM
    • The news is commodity bearish today - a solid employment report assures a rate hike this month and OPEC will continue to run strong production into a glutted market.
    • Gold, however, is enjoying a bounce after falling in a near straight line for the last six weeks. The metal touched as low at $1,050 yesterday when new ECB stimulus measures disappointed. A 2.4% rise in today's session has gold back up to $1,087 per ounce.
    • GLD +2.2%
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 4, 2015, 12:12 PM | 52 Comments
  • Dec. 2, 2015, 3:30 PM
    • There was a time when the Fed paid attention to commodity signals, and if the central bankers of today listened closely, they would be getting ready to ease policy, not hike rates.
    • Among the movers today as Fed speakers all but promise higher interest rates this month are oil - down 4.25% and briefly dipping below $40 per barrel, gold (GLD -1.4%), copper (JJC -1.4%), and natural gas (UNG -2.3%). Every one of the group is at multi-year lows.
    • Previously: Yellen sets the stage for rate hike (Dec. 2)
    • Previously: Lockhart: Ready to move in December (Dec. 2)
    • ETFs: DJP, GSG, RJI, GSP, GSC, DJCI, CMD, UCD
    | Dec. 2, 2015, 3:30 PM | 52 Comments
  • Dec. 1, 2015, 3:17 PM
    • Unsurprisingly, bearish short positions in gold jumped higher alongside the metal's 6.8% decline in November - that decline being the worst monthly performance for gold since an 11.1% plunge in June 2013.
    • Being short is a crowded trade for sure, but head derivatives strategist at Macro Advisors Pravit Chintawongvanich reminds the shorts loaded up in early 2013 ahead gold's subsequent 25% collapse.
    • Plotting a chart of shorts vs. the price of gold shows shorts are often right, even when many are crowded into the trade.
    • Gold is starting off December (barely) in the green, up 0.25% to $1,068 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 1, 2015, 3:17 PM | 32 Comments
GLD Description
The objective of the SPDR® Gold Trust† is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses.
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