SPDR Gold Trust ETF

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  • Sep. 23, 2011, 1:32 PM

    Liquidation of the precious metals continues: Gold off more than $100/oz., -6% to $1,635. Silver -16.8%, printing below $30/oz. at one point, now at $30.43. The metal has easily taken out its lows from the April/May panic selloff. Chartists might say, "where's the support?"

    | Sep. 23, 2011, 1:32 PM | 21 Comments
  • Sep. 23, 2011, 12:04 PM

    Gold is steepening its descent, now at $1,655/oz., -4.8% on the day. Traders point to hedge funds - big buyers in the move up - now unloading positions. Until the past few days, gold has been about the only investment held by John Paulson's funds that hasn't been taken out behind the barn and shot.

    | Sep. 23, 2011, 12:04 PM | 2 Comments
  • Sep. 23, 2011, 7:58 AM

    Gold legs down below $1,700/oz. for the first time since early August. A technician might look at a chart and say there is no support for the metal until $1,500. It was from this level on July 1 that gold took off in a straight line to $1,900 over the next 6 weeks. GLD -2.5% premarket.

    | Sep. 23, 2011, 7:58 AM | 1 Comment
  • Sep. 23, 2011, 6:38 AM
    Crude erases early gains and drops below $79, -2.4% to $78.60. Gold punches out new intraday lows, -1.7% to $1713.
    | Sep. 23, 2011, 6:38 AM | 2 Comments
  • Sep. 22, 2011, 8:34 AM

    Gold takes another leg down, the October contact -3.9% to $1,735/oz. The price remains within the range of $1,700-1,900 set over the past 2 months, and the fall thus far is no more than a blip on a longer-term chart. GLD -2.4% premarket.

    | Sep. 22, 2011, 8:34 AM | 4 Comments
  • Sep. 19, 2011, 3:07 PM

    Hugo Chavez orders the nationalization of the gold industry - giving companies 90 days to form joint ventures with the state in which the government would own a minimum of 55%. "All gold that is produced from mining operations will be turned over to the Republic," goes the official decree.

    | Sep. 19, 2011, 3:07 PM | 3 Comments
  • Sep. 19, 2011, 1:10 PM

    The precious metals break form, sliding even as fear shows itself on the equity, bond, currency, and other commodity markets. Gold gives up early gains, now -1.7% at $1,784. Silver -3.4% at $39.43.

    | Sep. 19, 2011, 1:10 PM | 1 Comment
  • Sep. 19, 2011, 9:55 AM
    His biggest funds getting rocked in 2011, John Paulson is sticking by his thesis the economy is getting better and stocks are cheap. Somewhat of an outsider when he made his fortune betting against housing, Paulson is now a part of the conventional system - managing $30B and even getting advice from Greenspan. Can he still deliver Alpha?
    | Sep. 19, 2011, 9:55 AM | 1 Comment
  • Sep. 19, 2011, 4:22 AM
    European central banks have become net buyers of gold for the first time in more than two decades, while central banks globally are set to buy more gold this year than they have since Bretton Woods collapsed forty years ago. Gold futures +0.6% to $1,826.
    | Sep. 19, 2011, 4:22 AM | 6 Comments
  • Sep. 16, 2011, 3:00 PM

    Donald Trump's publicity stunt of accepting a security deposit in gold bullion for one of his properties may end serving as a contrary indicator if his track record of bad deals is analyzed, says MarketWatch's Brett Arends. He writes that even after taking The Donald out of the equation, the case for gold gets shakier by the day with prices looking bubbly. Gold +1.7%.

    | Sep. 16, 2011, 3:00 PM | 9 Comments
  • Sep. 16, 2011, 7:20 AM

    Responding to client demand, Barclay's (BCS) plans to open a precious metals vault in London by mid-2012. The bank is joining Brink's (BCO) which opened a vault this year and is considering a 2nd facility. The price of gold is set for an 11th consecutive year of gains.

    | Sep. 16, 2011, 7:20 AM | 1 Comment
  • Sep. 12, 2011, 4:33 PM

    Shocking! It turns out central banks (at least those in Europe) are really bad gold traders - having unloaded millions of ounces from 1998-2008 at an average price of $398/oz., and buying it back over the last 3 years at 3X that amount. In fact, central bank purchases may be more influential than ETFs in driving the current bull market.

    | Sep. 12, 2011, 4:33 PM | 6 Comments
  • Sep. 12, 2011, 1:05 PM
    "I think (gold miners) have lagged long enough ... if (gold) stays at $1,800 ... then the mines will begin to coin money and dividends will be increased," says the great French investor Jean-Marie Eveillard. "The potential is considerable. The whole story could end with some kind of mania in gold mining stocks."
    | Sep. 12, 2011, 1:05 PM | 3 Comments
  • Sep. 9, 2011, 7:27 AM
    Somewhere, wires have gotten crossed. Gold dives about 3%, or $60/oz. in a couple of hours even as European shares sink - breaking the recent air-tight correlation of stocks down/gold up. Gold is at $1,841/oz.
    | Sep. 9, 2011, 7:27 AM | 3 Comments
  • Sep. 7, 2011, 10:37 AM

    For the technicians out there, making the rounds on trading desks is a chart of the S&P 500 priced in gold forming what appears to be a head and shoulders bottom.

    | Sep. 7, 2011, 10:37 AM | 3 Comments
  • Sep. 7, 2011, 9:03 AM
    Gold is off sharply, -2.2% to $1,831/oz., with most of the move occurring in about a 10 minute stretch around midnight last night. There was no particular news other than chatter about a boatload of contracts being offered. Does gold's decline mean inflation is now a concern?
    | Sep. 7, 2011, 9:03 AM | 3 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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