GSG
iShares S&P GSCI Commodity-Indexed Trust ETF  |  NYSEARCA
52wk high:16.26
52wk low:12.17
Expense Ratio:0.75%
Div Frequency:
Div Rate (ttm):-
Yield (ttm):-
Assets (AUM):$1.05B
Volume:
  • Thu, Jan. 19, 10:35 AM
    • "People are starting to get confident that this rally is real," says Ben Ross, who co-manages commodity strategy at Cohen & Steers. "Most commodities that we cover have bottomed from a price and from an oversupply situation.”
    • Among surging raw materials prices are oil, which has doubled from its lows of about a year ago, and zinc, which has gained 90%.
    • Money is being raised for new commodity funds, and flows into commodity index funds are showing signs of recovery since last year's price gains. Total investments in the Bloomberg and S&P GSCI indexes have risen to about $115B from a low of just $60B a year ago. They peaked at about $300B in 2011 - the last time the industry tried to pick a bottom in commodities.
    • Source: Mark Burton and Luzi-Ann-Javier at Bloomberg
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, DEE, DJCI, FTGC, DYY, UCI, COMT, BCM, DDP, PDBC, DPU, CMDT, SBV, CSCR, DWAC, FAAR, RCOM
    Thu, Jan. 19, 10:35 AM | 1 Comment
  • Nov. 9, 2016, 9:45 AM
    Nov. 9, 2016, 9:45 AM | 7 Comments
  • Nov. 9, 2016, 3:06 AM
    Nov. 9, 2016, 3:06 AM | 28 Comments
  • Jul. 11, 2016, 9:15 AM
    • "Citi is especially bullish commodities for 2017," say Ed Morse and team. "The oil market is treading water for now, but the oil price overshot to the downside earlier this year and this is clearly setting the stage for a bullish end to the decade.”
    • Unlike last year's strong Q2 commodity rally which collapsed in Q3, this year's move looks more sustainable thanks to considerable tightening in physical markets.
    • "Global demand continues to grow at a moderate rate while the pullback in capital spending is reducing not just supply growth but total supplies across nearly all extractive industries.”
    • What about Brexit? The damage to global growth should be limited in extent and duration this year, and stronger growth in the U.S. and China will be the story in 2017.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, CMD, DEE, FTGC, DJCI, LSC, DYY, UCI, COMT, UCD, BCM, DDP, PDBC, DPU, CMDT, SBV, CSCR, FAAR
    Jul. 11, 2016, 9:15 AM
  • Mar. 29, 2016, 7:48 AM
    • Recent advances aren't rooted in fundamentals, says Barclays analyst Kevin Norrish, in a report titled "Buffalo Jump." The risk, he says, is that the investing herd may very quickly decide to ring the register on recent gains.
    • Copper (NYSEARCA:JJC) could fall 20% and oil could drop back to the low $30s.
    • “Key commodities markets such as oil and copper already face overhangs of excess production capacity and inventories, but also now face another obstacle in the recovery process, that of positioning, which is now approaching bullish extremes."
    • ETFs: DJP, GSG, RJI, GCC, GSP, GSC, CMD, DJCI, LSC, UCI, UCD, CSCB, CSCR
    Mar. 29, 2016, 7:48 AM
  • Mar. 17, 2016, 7:17 AM
    • That bright green across the screen isn't in honor of St. Patrick's Day. Instead, it's a strong bid for commodities and foreign currencies after the Fed yesterday cut its forecast for rate hikes this year to two from four.
    • This just in: Crude oil (NYSEARCA:USO) is up on the year, rising 1.6% today to $40.63.
    • Other movers: Gold (NYSEARCA:GLD+3.25% to $1,270. Silver (NYSEARCA:SLV+3.4% to $15.74, Copper (NYSEARCA:JJC+2,5% to $2.29, Platinum (PPLT, PTM+3% to $988, Lumber (NASDAQ:WOOD+3.5% to $297, Beans (NYSEARCA:SOYB+0.6% to $899.50, Corn (NYSEARCA:CORN+0.5% to $370.25, Wheat (NYSEARCA:WEAT+0.85% to $475.
    • The euro (NYSEARCA:FXE+1.15%, yen (NYSEARCA:FXY+1.3%, pound (NYSEARCA:FXB+0.85%, loonie (NYSEARCA:FXC+1.15%, aussie (NYSEARCA:FXA+1.3%, swissie (NYSEARCA:FXF+1%.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, CMD, DJCI, DEE, LSC, DYY, FTGC, UCI, DDP, BCM, UCD, COMT, CMDT, DPU, SBV, PDBC, CSCB, CSCR
    Mar. 17, 2016, 7:17 AM | 25 Comments
  • Dec. 2, 2015, 3:30 PM
    • There was a time when the Fed paid attention to commodity signals, and if the central bankers of today listened closely, they would be getting ready to ease policy, not hike rates.
    • Among the movers today as Fed speakers all but promise higher interest rates this month are oil - down 4.25% and briefly dipping below $40 per barrel, gold (GLD -1.4%), copper (JJC -1.4%), and natural gas (UNG -2.3%). Every one of the group is at multi-year lows.
    • Previously: Yellen sets the stage for rate hike (Dec. 2)
    • Previously: Lockhart: Ready to move in December (Dec. 2)
    • ETFs: DJP, GSG, RJI, GSP, GSC, DJCI, CMD, UCD
    Dec. 2, 2015, 3:30 PM | 72 Comments
  • Oct. 21, 2015, 11:14 AM
    • With some commodities off 80% from their supercycle highs and others more like 40%, the Bloomberg Commodity Excess Return Index is at lows not seen since 2001's "tech wreck."
    • Among those hit hardest are sugar, nickel, and natural gas, while gold, palladium, and beans have held up better (only on a relative basis).
    • No secret here: China is (by far) the world's largest consumer in nearly every global commodity market, so discerning where that country's demand is headed is key. On that note, the price action in copper - which has a pretty good correlation to China's economy - suggests GDP growth there of just 5% vs. the government's official estimate of 7%.
    • Still, prices for many commodities - copper among them - are approaching the point where they're better left in the ground. The conclusion, says Barclays: A bottom may be in, but we could be on the floor for a long time.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, DJCI, DEE, LSC, CMD, UCI, FTGC, DYY, DDP, BCM, UCD, COMT, CMDT, SBV, DPU, PDBC, CSCB, CSCR
    Oct. 21, 2015, 11:14 AM | 3 Comments
  • Oct. 12, 2015, 9:20 AM
    Oct. 12, 2015, 9:20 AM | 3 Comments
  • Aug. 31, 2015, 12:30 PM
    • The fund manager best known for its chief Jeff Gundlach and a focus on fixed-income launches the DoubleLine Strategic Commodity Fund.
    • Jeffrey Sherman is the portfolio manager.
    • The Class I shares - with $100K minimum initial investment - has a 1.1% expense ratio. The Class N shares - with $2K minimum initial investment - has a 1.36% ratio.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, DJCI, DEE, LSC, CMD, UCI, FTGC, DYY, DDP, BCM, UCD, COMT, CMDT, SBV, DPU, PDBC, CSCB, CSCR
    Aug. 31, 2015, 12:30 PM | 1 Comment
  • Jul. 31, 2015, 8:13 AM
    • In an effort to increase its influence on global commodity prices, China will allow outside traders to transfer foreign currency or yuan funds into China to trade on its commodity futures markets, signifying a major reform for the world's top consumer of many raw materials.
    • Currently, foreigners have very limited access to China's commodities markets. Companies are only allowed to trade via brokers after establishing a locally registered non-financial unit, which is expensive.
    • Starting August 1, trading or brokerage firms can open special accounts in designated Chinese banks. The funds must be used for trading only.
    • The China Securities Regulatory Commission says that the Shanghai Futures Exchange's crude oil futures will be the first contract available for trading by foreigners. They may also apply for a direct trading license with the exchange. No information on the timing of access to additional futures contracts is available.
    • ETFs: DBC, DJP, GSG, CHIX, RJI, GCC, USCI, GSP, GSC, CHIM, DJCI, DEE, LSC, CMD, UCI, DYY, FTGC, DDP, BCM, UCD, COMT, CMDT, SBV, DPU, PDBC, CSCB, CSCR
    Jul. 31, 2015, 8:13 AM | 18 Comments
  • Jul. 20, 2015, 8:02 AM
    Jul. 20, 2015, 8:02 AM | 1 Comment
  • Mar. 17, 2015, 8:10 AM
    • "China’s economic transition and the inability of other emerging markets to pick up the slack are driving slower demand growth across the commodities complex,” says the team at Citi. "The extent of slowdown is likely to vary by commodity.”
    • Hardest hit, says Citi, will be bulk commodities like coal, iron ore, and steel thanks to their exposure to China's manufacturing, infrastructure, and property sectors.
    • Oil consumption growth in China and the "Emerging 5" - India, Southeast Asia, the Middle East, Latin America, and Africa - will be 2.7% from 2014-2020, and 2.3% from 2020-2025 vs. 4% from 2001-2011.
    • The upside from China no longer being as dominant: “Global demand as a whole should become less cyclical as a downturn in one key economy has a lesser impact on overall demand."
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSC, GSP, RGRC, DJCI, LSC, DEE, UCI, FTGC, CMD, DYY, BCM, DDP, UCD, CMDT, COMT, DPU, SBV, CSCB, PDBC, CSCR
    Mar. 17, 2015, 8:10 AM
  • Jan. 30, 2015, 5:35 PM
    • Top gainers, as of 5:15 p.m.: N +9.7%. EDU +4.3%. KEYS +4.2%. STV +3.5%. IDXX +3.1%.
    • Top losers, as of 5:15 p.m.: GNR -5.0%. GSG -3.6%. TCK -3.6%. MBT -3.2%. ROVI -3.1%.
    Jan. 30, 2015, 5:35 PM
  • Jan. 28, 2015, 2:57 PM
    • “Despite the large declines in commodity prices, we see risks as still skewed to the downside over the near-term,” says Goldman Sachs.
    • Of course, much of the price decline has to do with oil, and Goldman doesn't expect a whole lot more damage as prices have gotten low enough for investors to begin buying excess supplies and putting them in storage. While this may put a floor under the price, says Goldman, it also means prices are likely to stay lower for longer.
    • Meanwhile, there's China, and slowing growth there means copper (NYSEARCA:JJC) prices have further to fall. Some metals to consider going long? Palladium (NYSEARCA:PALL), nickel (JJN, NINI), and zinc.
    • ETFs: DJP, GSG, RJI, GSC, GSP, DJCI, CMD, UCD
    Jan. 28, 2015, 2:57 PM | 1 Comment
  • Jan. 2, 2015, 9:27 AM
    Jan. 2, 2015, 9:27 AM | 2 Comments