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SPDR Gold Trust ETF (GLD)

  • Sep. 2, 2011, 6:13 AM
    SPDR 1-3 Month T-Bill ETF (BIL) raked in $2.12B in new inflows in August, representing a tripling of its AUM to $3.13B. This despite the fact it closed the month with a yield of just 0.08% as investors sought safety during record volatility. SPDR Gold Trust (GLD) led all ETF outflows, with nearly $2B in redemptions in August.
    | Sep. 2, 2011, 6:13 AM | 1 Comment
  • Aug. 31, 2011, 3:19 PM
    Gold closes the day session about flat at $1,828.50/oz, giving the yellow metal a $200, or 12.3% gain for the month of August - the best performance since November 2009. Gold is higher by 29% YTD.
    | Aug. 31, 2011, 3:19 PM | 1 Comment
  • Aug. 31, 2011, 10:21 AM
    Some see bargains in global gold stocks after the growing divergence between gold bullion and lagging mining stocks. An RBC report says gold miners have reached an “inflection point” with a “substantial wave of free cash flow” coming over the next year or two. Frank Holmes likes ABX, GG, KGC and NEM as top-tier examples of the industry’s new wave of cash cows.
    | Aug. 31, 2011, 10:21 AM | 1 Comment
  • Aug. 30, 2011, 11:57 AM
    Gold is getting a boost from Chicago Fed chief Charles Evans' dovish commentary, which includes a call for more stimulus until unemployment falls below 7% or inflation rises above 3%. Gold futures are up 2.2% on the day to $1,831/oz.
    | Aug. 30, 2011, 11:57 AM | Comment!
  • Aug. 30, 2011, 8:43 AM
    Gold crashes upward, jumping $40 in the space of a few bars, now trading at $1,830/oz. Shares in Europe are U.S. index futures are down a bit, but not enough to cause that sort of move into the metal. GLD +2.3% premarket.
    | Aug. 30, 2011, 8:43 AM | 2 Comments
  • Aug. 29, 2011, 9:59 AM
    Gold is diving, dropping $30 in the last 15 minutes to $1,793/oz. - red for the day after powerful early gains. Is another margin hike in the offing? GLD -1.8%.
    | Aug. 29, 2011, 9:59 AM | 1 Comment
  • Aug. 29, 2011, 8:31 AM
    "The surge in prices has sparked another gold-buying craze," says the manager at a Shanghai jeweller, unintentionally describing how bubbles form (not trying to pick on gold here). Activity at China's newish gold derivative exchanges is also exploding.
    | Aug. 29, 2011, 8:31 AM | 3 Comments
  • Aug. 27, 2011, 8:10 AM
    What's next for gold? After margin-requirement hikes drove a near-10% correction, maybe the hot money's out and it's time to look at gold-related stocks like Newmont (NEM), Agnico-Eagle (AEM) and Goldcorp (GG). Things were so spicy that it took the slide this week to take out the two-day period where GLD passed SPY as the world's biggest ETF.
    | Aug. 27, 2011, 8:10 AM | 2 Comments
  • Aug. 26, 2011, 4:25 PM
    A Gallup poll finds 34% of Americans say gold is the best long-term investment, with real estate (19%) and stocks (17%) the next choices. It's a bit of fuel for contrarian-minded gold bears/stock bulls. Even more - in similar polls taken from 2002 to 2010 - gold was not even one of the choices to select from!
    | Aug. 26, 2011, 4:25 PM | 14 Comments
  • Aug. 25, 2011, 12:50 PM
    Down another $60 this morning as Europe bounced and Buffett got behind Bank of America, gold shoots higher as that euphoria fades. The metal is back to unchanged at $1,763/oz.
    | Aug. 25, 2011, 12:50 PM | Comment!
  • Aug. 25, 2011, 7:45 AM
    Gold continues to slump, off another 2.2% to $1,717/oz. First Sino-Forest, then Citibank and BofA, then Hewlett-Packard, and now gold. The markets seem to be slicing through John Paulson's major positions one by one. AngloGold (AU) -0.7% premarket.
    | Aug. 25, 2011, 7:45 AM | Comment!
  • Aug. 24, 2011, 4:52 PM
    The CME hikes gold margins for the 2nd time in as many weeks, lifting them 27% this time to $9,450. Could anybody have known about this beforehand? Gold drops a few more dollars to $1,758/oz. (PR)
    | Aug. 24, 2011, 4:52 PM | 10 Comments
  • Aug. 24, 2011, 1:24 PM
    The decline in gold is accelerating, with the metal now down more than $100/oz. at $1,756, a 5.4% move. GLD -3.6%. The ETF looks better than the metal because GLD declined a bit in the afternoon yesterday after gold's main session ended.
    | Aug. 24, 2011, 1:24 PM | 3 Comments
  • Aug. 24, 2011, 10:36 AM
    Gold continues to plummet - at $1,780/oz., it's $135 or 7% below its peak hit just 36 hours ago. News that central banks - typically traders one might fade - are net buyers of the metal for the first time in a generation may give gold bulls some pause. GLD -2.6%.
    | Aug. 24, 2011, 10:36 AM | 1 Comment
  • Aug. 24, 2011, 8:46 AM
    Morgan Stanley thinks central banks will likely remain a pillar of support for the gold market, retaining their holdings even as prices surge and Europe's debt crisis pressures some of them to raise cash. In 2010, central banks became net buyers of gold for the first time in decades, and the trend has continued in 2011.
    | Aug. 24, 2011, 8:46 AM | 6 Comments
  • Aug. 24, 2011, 6:29 AM
    Hedge funds net short positions against the S&P 500 (SPY) stocks hits highs not seen since 2008, SocGen says. Funds have closed short positions on 10-year T-notes (TLH) and "strongly diminished" shorts on 30-year bonds (TMV), but remain neutral on the dollar/euro (ERO), and net buyers of the franc (FXF) and yen (FXY). Enthusiasm for gold (GLD) remains strong.
    | Aug. 24, 2011, 6:29 AM | 1 Comment
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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