SPDR Gold Trust ETF
 (GLD)

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  • Nov. 28, 2014, 9:51 AM
    | Nov. 28, 2014, 9:51 AM | 11 Comments
  • Nov. 24, 2014, 11:59 AM
    • India's gold imports were up 300% year-over-year for the quarter ending last month, thanks in part to the recovering rupee and easy comparisons as import constraints in place one year ago were not there this year.
    • On its face good news for gold bulls, the jump could put pressure on the government to put even more stringent restrictions in place, says Morgan Stanley's Joel Crane, as the fast pace of imports is likely to have expanded the trade deficit to $13.35B from $10.6B a year ago.
    • The current account deficit, however, continues to narrow (1.7% of GDP from 4.8% a year ago), and the Modi administration might find it a good time to try and protect this improvement.
    • Gold is flat on the session at $1,197 per ounce.
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, UBG, GLDE, BAR, GYEN, GEUR, BARS, GGBP
    | Nov. 24, 2014, 11:59 AM | 1 Comment
  • Nov. 19, 2014, 12:26 PM
    • Completing a steep-walled "V," gold has quickly retaken the ground it lost in minutes this morning, now nearly flat on the session at $1,195 per ounce.
    • The FOMC minutes due at 2 ET may have traders jumpy, and disappearing support for a Swiss ballot initiative forcing that country's central bank to boost holdings of gold also works just fine as an excuse. though the chances of this passing have always been low.
    • The latest poll shows just 38% supporting the Save Our Swiss Gold Initiative - which would forbid the central bank from selling any gold and force the repatriation of bullion held in some overseas spots. Supporters say 3-years of trying to prevent the franc's rise have left the Swiss National Bank balance sheet bloated with euros. The swissie (NYSEARCA:FXF) is marginally higher on the session.
    • Previously: Gold bid disappears - down $20 in minutes
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, UBG, GLDE, GYEN, BAR, GEUR, BARS, GGBP
    | Nov. 19, 2014, 12:26 PM | 13 Comments
  • Nov. 19, 2014, 11:18 AM
    | Nov. 19, 2014, 11:18 AM | 15 Comments
  • Nov. 7, 2014, 11:47 AM
    • Not much is going on with the major U.S. averages as they digest the fast pace of earnings and today's inline-to-strong jobs number, but Europe's heading for a nasty close, with the Stoxx 50 (NYSEARCA:FEZ) lower by 1.2%, including Germany (NYSEARCA:EWG) and France (NYSEARCA:EWQ) each down 1%.
    • Possible excuses are the lack of movement on further ECB stimulus and Ukraine's claims of 32 Russian tanks rolling into its country.
    • Also on the move is gold (GLD +1.9%) after an ugly run lower over the past couple of weeks.
    • Meanwhile, 10-year Treasury yields - with the prospect of rate hikes next year made even more definite by today's jobs number - are sharply lower, down nine basis points to 2.31%. TLT +0.9%, TBT -1.8%
    • Previously: Jobs +214K, UE rate to 5.8%
    | Nov. 7, 2014, 11:47 AM | 7 Comments
  • Nov. 7, 2014, 8:51 AM
    • The roughly inline nonfarm payrolls report has the algos at work, but most markets are about where they were before the 8:30 ET print.
    • Gold (NYSEARCA:GLD) is ahead by 0.4% to $1,146 per ounce, S&P 500 (NYSEARCA:SPY) futures are higher by 0.2%, the dollar (NYSEARCA:UUP) is lower by 0.25%, and the 10-year Treasury (NYSEARCA:TLT) yield is flat at 2.39%.
    • Previously: Jobs +214K, UE rate to 5.8%
    | Nov. 7, 2014, 8:51 AM | 7 Comments
  • Nov. 5, 2014, 7:01 AM
    • S&P 500 (NYSEARCA:SPY) and DJIA (NYSEARCA:DIA) futures are ahead by 0.35% and Nasdaq 100 (NASDAQ:QQQby 0.5%, with the GOP's taking of the Senate last night as good of an excuse as any for the mild rally.
    • A major rally in Europe (NYSEARCA:FEZ) is being led by Italy's (NYSEARCA:EWI1.8% gain, and Asia was mixed overnight.
    • The 10-year Treasury yield is up one basis point at 2.35%, and gold continue to get beat mercilessly, down another 2.5% to $1,138 per ounce, its lowest price in more than four years.
    • GLD -2.1% premarket
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, PSQ, IVV, SPXU, UPRO, TQQQ, SPXL, RSP, QID, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SPLX, BXUC, SFLA, QQXT, SPUU
    | Nov. 5, 2014, 7:01 AM | 23 Comments
  • Nov. 3, 2014, 12:10 PM
    • Selling will beget more selling, says Citi global macro strategist Jeremy Hale, explaining his idea to short gold now that it's taken out a multi-year low. With gold having slid below important support levels, figures Hale, buyers might just wait on the sidelines until even lower prices.
    • Also at work is the dollar, and Hale notes the latest CFTC data as showing a growing number of bets on a still-stronger dollar.
    • After a nasty run in the 2nd half of October which accelerated into the month's final hours, gold is relatively stable today, down $3 per ounce to $1,170.
    • GLD -0.1%
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, UBG, GLDE, BAR, GYEN, GEUR, BARS, GGBP
    | Nov. 3, 2014, 12:10 PM | 32 Comments
  • Oct. 31, 2014, 7:19 AM
    | Oct. 31, 2014, 7:19 AM | 27 Comments
  • Oct. 30, 2014, 1:43 PM
    | Oct. 30, 2014, 1:43 PM | 11 Comments
  • Oct. 29, 2014, 7:40 PM
    • Precious metals miners and the ETFs that track them were slammed today as the Fed moved to end its bond purchase program.
    • Today’s 4.3% swoon in the Market Vectors Gold Miners ETF (NYSEARCA:GDX) drives the price below $20 for the first time since Oct. 2008, and the Global X Silver Miners ETF (NYSEARCA:SIL) tumbled 3.5% to its lowest finish since its launch in April 2010.
    • The Fed action was expected, but paired with a more upbeat assessment of the U.S. labor market, gold’s appeal is further dampened vs. income generating assets, Barron's Chris Dieterich writes.
    • Among individual names today: ABX -5.1%, NEM -4.7%, GG -4.1%, GFI -3.2%, SLW -3.3%, AGI -3.4%, AEM -4.7%, AUY -4.1%, IAG -4.6%, KGC -2.9%, NGD -4.3%, AU -3.3%, RGLD -4.8%, GOLD -2.5%.
    • Other ETFs: GLD, SLV, GDXJ, NUGT, AGQ, IAU, DUST, USLV, SIVR, JNUG, SGOL, ZSL, UGL, GLDX, DGP, GLL, UGLD, DZZ, JDST, DSLV, SLVP, OUNZ, DGL, DBS, SILJ, DGZ, RING, DGLD, AGOL, SGDM, PSAU, USV, UBG, BAR, BARS
    | Oct. 29, 2014, 7:40 PM | 20 Comments
  • Oct. 29, 2014, 2:12 PM
    • The S&P 500 (SPY -0.4%), Nasdaq 100 (QQQ -0.7%), and DJIA (DIA -0.3%) are a tiny bit lower now than they were ahead of the FOMC statement.
    • The 10-year Treasury yield, up three basis points ahead of the statement, is now up five bps to 2.35%. TLT -0.3%.  Gold (GLD -1%) takes the biggest hit, falling about $10 per ounce since the statement, now off 1% on the session at $1,217.
    • Previously: QE ends, "considerable time" language stays for now
    | Oct. 29, 2014, 2:12 PM | 8 Comments
  • Oct. 23, 2014, 3:30 PM
    • The giant ($30B in assets) SPDR Gold Trust (NYSEARCA:GLD) earlier this week saw its largest one-day decline in holdings (down 1.2%) this year. Instead of exiting gold altogether, some of the money may just be heading into other vehicles as the Merk Gold Trust (NYSEARCA:OUNZ) - with market cap of just $60M - today is reporting assets rising by 5.4%, bringing total AUM to the highest since the fund's May launch.
    • Like with GLD or IAU, owners of OUNZ have the option of exchanging their shares for physical gold, but OUNZ allows redemptions as small as one troy ounce (in GLD's case only blocks of 100K shares can be exchanged for gold).
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, OUNZ, DGLD, AGOL, TBAR, UBG, GLDE, BAR, GYEN, GEUR, BARS, GGBP
    | Oct. 23, 2014, 3:30 PM | 23 Comments
  • Oct. 21, 2014, 11:29 AM
    | Oct. 21, 2014, 11:29 AM | 21 Comments
  • Oct. 15, 2014, 11:59 AM
    • Markets and bond yields are falling everywhere, but it's the greenback (UUP -0.8%) which is taking the brunt of sales in foreign exchange. The euro (FXE +1%), yen (FXY +0.9%), swissie (FXF +0.9%) are all sharply higher, with cable (FXB +0.2%) advancing moderately. The loonie (FXC +0.1%) is up slightly vs. the dollar.
    • Dollar ETFs: UUP, UDN, FORX, UUPT, UDNT, USDU
    • Gold (GLD +0.9%) is up to $1,243 per ounce, about its highest price since Labor Day.
    | Oct. 15, 2014, 11:59 AM | 4 Comments
  • Oct. 13, 2014, 3:57 PM
    • The renewed slide in stocks - the Dow has shed another 200 points - puts a charge in gold (GLD +0.8%), now up 1% and at a session-high of $1,234 per ounce. The metal has now erased nearly all of its big post-Labor Day slide.
    • The Treasury market is closed for Columbus Day, but TLT is ahead by 0.7%, suggesting a drop in the 10-year Treasury yield to somewhere in the area of 2.25%. TBT -1.4%
    | Oct. 13, 2014, 3:57 PM | 2 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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