SPDR Gold Trust ETF

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  • 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
  • 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
  • Aug. 22, 2012, 2:35 PM

    Maybe biggest reaction to the dovish FOMC minutes comes from the precious metals, gold adding nearly 1% to $1,648/oz., and silver tacking on a similar amount to $29.67. GLD +0.6%, SLV +1.5%. Currencies: The euro adds 50 pips to $1.2526. The pound, aussie, yen, and loonie all get a boost as well. UUP -0.5%.

    | Aug. 22, 2012, 2:35 PM | 1 Comment
  • Aug. 21, 2012, 1:37 PM

    Gold's move to $1,642/oz. - the highest price since early May - catches the eye of the technicians as what  was though to be a bearish triangle has been resolved ... to the upside. GLD +1.2%.

    | Aug. 21, 2012, 1:37 PM | 20 Comments
  • Aug. 20, 2012, 10:27 AM
    Chinese gold bugs will soon find it easier to invest as a number of fund managers have received permission to create gold ETFs to trade in Shanghai and Shenzhen, according to sources. It remains unclear as to whether these will be physically backed by the metal (thus boosting demand for it).
    | Aug. 20, 2012, 10:27 AM | 4 Comments
  • Aug. 16, 2012, 9:52 AM
    Gold demand of 990 tons in Q2 was off 9% Y/Y, reports the World Gold Council (.pdf). Demand was lower across all sectors - jewellery, technology, investment - except central banks, which doubled their net purchases to 157.5 tons in Q2. Supply? At 1,059.1 tons, its was off 6% Y/Y.
    | Aug. 16, 2012, 9:52 AM | 7 Comments
  • Aug. 15, 2012, 7:58 AM
    Goldbugs may want to ask John Paulson to stop as the ice-cold fund manager upped his stake in GLD by 26% to 21.8M shares in Q2. (13-F)
    | Aug. 15, 2012, 7:58 AM | 6 Comments
  • Aug. 14, 2012, 11:18 AM
    Gold stocks are looking better than the metal for the first time in more than two years, which bodes well for both, Barron's Michael Kahn writes. Significant recent one-day price reversals in major gold stocks Barrick (ABX), Newmont (NEM) and Goldcorp (GG) suggests that after a long decline the bears have used up all of their energy, he says, improving their risk/reward profiles.
    | Aug. 14, 2012, 11:18 AM | 10 Comments
  • Aug. 10, 2012, 12:10 PM

    The SPDR Gold Trust (GLD) has been lagging iShares Gold Trust (IAU) because of inflows and performance, Christian Mangoon writes. IAU has outperformed GLD not only YTD, but in the past one-, three-, and five-year periods, and has captured more than 3.5x GLD's investor inflows - “amazing considering that the asset base of GLD is about 7x larger than IAU.”

    | Aug. 10, 2012, 12:10 PM | 2 Comments
  • Aug. 7, 2012, 7:40 AM
    Sell your gold and buy a house, hire workers, buy grains, or send a kid to college, writes Peter Tasker, noting the price of the metal is at multi-generational highs against these items. Recent financial instability has failed to budge the price, he says, meaning the bull market may be over and gold is back to being just another risk asset.
    | Aug. 7, 2012, 7:40 AM | 24 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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