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SPDR Gold Trust ETF (GLD)

  • Sep. 13, 2012, 2:49 PM
    Comex gold rose 2.2% to $1,772.10/oz. to finish near seven-month highs on the Fed's QE3 announcement, and gold miners (GDX +4.3%) are performing even better: NEM +5.4%, ABX +3.5%, GFI +3.8%, GG +4.9%, FCX +3.9%. Silver spiked even more, and silver miners (SIL +6.8%) are soaring too: SLW +5.1%, HL +5.3%, PAAS +4.8%, CDE +6.2%.
    | Sep. 13, 2012, 2:49 PM | 12 Comments
  • Sep. 13, 2012, 1:36 PM
    More FOMC: We'll hear more from Bernanke soon, but further reflection reveals the true power of today's QE3 announcement. By making the asset purchase program open-ended, the onus now falls onto the hawks to assemble the votes to end it. QE could be Fed policy for a very long time. Stocks, gold, silver, and currencies not nicknamed the greenback all seem to have realized this and moved sharply higher.
    | Sep. 13, 2012, 1:36 PM | 7 Comments
  • Sep. 11, 2012, 3:29 PM
    More on gold and sentiment: Another measure is the CFTC's Commitment of Traders report. By that gauge, traders are clearly huddled on the long side of the boat, but not to an extreme level. (Previous: Hulbert's index)
    | Sep. 11, 2012, 3:29 PM | 7 Comments
  • Sep. 11, 2012, 12:46 PM
    Gold bulls no longer have heavy negative sentiment on the metal at their back, writes Mark Hulbert, as his Gold Newsletter Sentiment Index (HGNSI) has risen to 54% from -14.8% in late July, with the bulk of the gain coming in just the last 2 weeks.
    | Sep. 11, 2012, 12:46 PM | 7 Comments
  • Sep. 11, 2012, 12:23 PM
    Gold bugs, take note: A new S&P report indicates gold miners (GDX) could face pressure on their underlying credit ratings to the point that new projects are curtailed, investment is reduced and dividends could be cut. S&P says major gold miners have adequate financial flexibility to deal with low gold prices 12-18 months, but the commodities boom has added 10%-15% in production costs.
    | Sep. 11, 2012, 12:23 PM | 6 Comments
  • Sep. 10, 2012, 1:23 PM
    Gold has another 10% upside this year, according to Commerzbank analysts who see the price reaching $1,900. Acknowledging a doubling in speculative long positions in the metal over the last 2 months, the team says this occurred from a very low level and remains nowhere near extreme bullishness. (More price target increases)
    | Sep. 10, 2012, 1:23 PM | 4 Comments
  • Sep. 10, 2012, 8:59 AM
    With gold at a 6-month high, the analyst community gets busy raising its targets. Credit Suisse sees $1,750 within 3 months and $1,850 a year out. UBS' Edel Tully upgrades his short-term target to $1,850, but only if the Fed acts this week. Gold ETPs raised their bullion holdings by almost 2M ounces in the last month to a record 72.37M ounces.
    | Sep. 10, 2012, 8:59 AM | 6 Comments
  • Sep. 8, 2012, 8:15 AM
    Mining operations have long been a backdoor way for investors to benefit from the rising price of precious metals such as gold, but this year mining stocks (GDX, GDXJ) have lagged the price of physical gold (GLD). The disparity has grown so wide that some analysts say the miners are now reasonable, but investors should remain mindful that "they're stocks… by definition, they're going to be more correlated to the equity market than the metals."
    | Sep. 8, 2012, 8:15 AM | 7 Comments
  • Sep. 7, 2012, 9:58 AM
    Gold hits its highest level since February, +1.4% to $1,731 as QE expectations for next week ratchet up following the payroll report. Silver and copper follow suit, both posting large gains and multi-month highs. And don't forget Beijing - now getting serious about its own stimulus efforts.
    | Sep. 7, 2012, 9:58 AM | 8 Comments
  • Sep. 5, 2012, 3:55 PM
    The SPDR Gold Trust (GLD) garnered $2B in fresh AUM in August, the most of any ETF as gold put in its biggest bull move since January. The number 2 asset-gatherer was the Vanguard Emerging Markets ETF (VWO), but investors weren't performance-chasing there - the fund finished about flat for the month.
    | Sep. 5, 2012, 3:55 PM | Comment!
  • Sep. 4, 2012, 10:32 AM
    Gold gets jarred above the $1,700/oz. level for the first time since March as the weak ISM print naturally raises the odds of further pump-priming by the Fed. Silver posts an even sharper move, rising to $32.25, its highest price since April.
    | Sep. 4, 2012, 10:32 AM | 2 Comments
  • Aug. 31, 2012, 11:15 AM
    Gold, silver, and crude are believers - all sharply higher following what's now being interpreted as Bernanke setting the stage for more stimulus at the September FOMC meeting. GLD +1.3%, SLV +2.5%, USO +1.6%.
    | Aug. 31, 2012, 11:15 AM | 11 Comments
  • Aug. 28, 2012, 3:18 PM
    Gold futures settled a bit lower today to snap a three-session winning streak as traders took profits after the metal gained 3.3% last week. But Mark Hulbert says gold timers have been a bit too eager in jumping on the bullish bandwagon, which tells contrarians that the rally has gotten ahead of itself.
    | Aug. 28, 2012, 3:18 PM | 4 Comments
  • Aug. 24, 2012, 7:54 AM
    Gold analysts get bullish, the proportion of 35 surveyed by Bloomberg rising to its highest level (83%) since November. ETPs have purchased 51.7M tons in August - also the highest amount since November - and now hold more gold than France. Gold broke out of a tight trading range this week and is at levels not seen since April.
    | Aug. 24, 2012, 7:54 AM | 12 Comments
  • Aug. 23, 2012, 12:37 PM
    Thus far, neither gold (GLD +2.1%) nor the gold miners (GDX +0.9%) seem worried about the possibility John Paulson may have to unload some of his funds' massive holdings to meet redemption requests (ZH: like cockroaches, once one appears, assume many, many more). It seems Citi is redeeming just as gold and the miners are gathering momentum. Bad timing?
    | Aug. 23, 2012, 12:37 PM | 8 Comments
  • Aug. 23, 2012, 7:10 AM
    Gold continues to party as the weak Chinese PMI print overnight combines with yesterday's FOMC minutes to give rise to the idea of a lot more fiat paper chasing the same level of goods. The yellow metal (along with silver) has clearly broken through key technical levels as well. GLD +0.5%, SLV +1.6% premarket.
    | Aug. 23, 2012, 7:10 AM | 5 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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