Central Gold-Trust
 (GTU)

- NYSEMKT
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Tue, Jan. 26, 2:10 PM
    • The rush back into equities and oil today isn't dampening the bid for gold, currently higher by 1.5% to $1,122 per ounce - a level not seen since late October. The yellow metal is now ahead of nearly 6% this year.
    • An earlier report from Bloomberg showed Chinese gold imports from Hong Kong jumped 67% in December to 111.3 metric tons - the highest level in more than two years. Helping to fuel demand was a sinking stock market, depreciating currency, and the lowest gold prices in years.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Tue, Jan. 26, 2:10 PM | 43 Comments
  • Thu, Jan. 14, 3:05 PM
    • With equity investors getting back to the business of buying low and selling high, the interest in gold fades further. It's down 1% on the session to $1,076 per ounce.
    • The metal's actually been slipping since late last week after popping through $1,100 late on Thursday. It still remains higher by about 1.5% in 2016.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Thu, Jan. 14, 3:05 PM | 20 Comments
  • Thu, Jan. 7, 2:15 PM
    • In check for most of the day, gold has surged above $1,100 per ounce for the first time in two months as the major U.S. averages dip to new session lows - the S&P 500 down 2.3% and Nasdaq off 2.9%.
    • Gold is up 1.5% to $1,109 per ounce.
    • The Fed's still talking a hawkish game, but the PBOC guided the yen down the most since last August's devaluation, and the Bank of Canada is making rumblings about north-of-the-border style QE.
    • The World Gold Council: “The effect that U.S. rates have had on the gold price is overdone and may take a back seat this year. Four years after gold’s nominal high, amid expensive stock valuations and high market risks, gold’s role as a portfolio diversifer and tail risk hedge is particular(y) relevant.”
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Thu, Jan. 7, 2:15 PM | 11 Comments
  • Mon, Jan. 4, 7:27 AM
    | Mon, Jan. 4, 7:27 AM | 16 Comments
  • Dec. 28, 2015, 12:57 PM
    • Much like oil/gas firms (hurt by fresh oil price declines), coal, gold, and silver miners are having a rough day. End-of-year tax and fund selling could be playing a role. Comex gold is down a moderate 0.6%, and Comex silver down 3.2%. The S&P is down 0.5%.
    • Notable coal decliners: Peabody Energy (BTU -13.6%), Westmoreland Coal (WLB -6.4%), CONSOL Energy (CNX -9%), and Cloud Peak Energy (CLD -4%).
    • Notable gold decliners: Goldcorp (GG -3.5%), Barrick Gold (ABX -3.1%), Newmont Mining (NEM -4%), Kinross Gold (KGC -3.8%), Gold Fields (GFI -6.7%), AngloGold Ashanti (AU -5%), Harmony Gold (HMY -6.5%), and Sibanye Gold (SBGL -4.2%).
    • Notable silver decliners: Silver Wheaton (SLW -3.8%), Pan American Silver (PAAS -3.6%), First Majestic Silver (AG -6.9%), Tahoe Resources (TAHO -4.9%), and Coeur Mining (CDE -5.8%).
    • ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, GLL, UGLD, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, USV, GEUR, UBG, GYEN, TONS, QGLDX
    | Dec. 28, 2015, 12:57 PM | 36 Comments
  • Dec. 17, 2015, 2:48 PM
    • With today's 2.4% decline, gold has given up about $25 per ounce since the Fed boosted interest rates by 25 basis points yesterday.
    • At $1,051 per ounce, the metal is cents above the multi-year lows it hit earlier this month. Slumping alongside is silver (NYSEARCA:SLV), down 3.7% to $13.73
    • The GLD hit a new 52-week low of $100.24 today, and is currently down 2.1% to $100.63.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 17, 2015, 2:48 PM | 62 Comments
  • Dec. 4, 2015, 12:12 PM
    • The news is commodity bearish today - a solid employment report assures a rate hike this month and OPEC will continue to run strong production into a glutted market.
    • Gold, however, is enjoying a bounce after falling in a near straight line for the last six weeks. The metal touched as low at $1,050 yesterday when new ECB stimulus measures disappointed. A 2.4% rise in today's session has gold back up to $1,087 per ounce.
    • GLD +2.2%
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 4, 2015, 12:12 PM | 52 Comments
  • Nov. 20, 2015, 10:41 AM
    • A Fed interest rate hike in December could knock back the price of gold to ~$1,000/oz., Gold Fields (GFI -3.1%) CEO Nick Holland tells Creamer Media after the company's share price soared 29% in Johannesburg for its best single day of trading since 1999.
    • The uncertainty around a rate increase has played havoc with the gold price in recent weeks, but Holland says long-term fundamentals for gold remain positive, based on projections of inadequate supply; “It doesn’t matter what we do now as an industry, a supply fall-off is inevitable," the CEO says.
    • "Is it three years of pain, four years, five years? We don’t know, but we’re in a long-term business and we can’t take decisions for one year,” Holland said after GFI reported improved Q3 earnings and higher net cash flow to cut net debt to 1.4x EBITDA.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, OUNZ, DGL, DGZ, DGLD, AGOL, UBG
    | Nov. 20, 2015, 10:41 AM | 21 Comments
  • Nov. 17, 2015, 12:24 PM
    • With equity investors back to the business of buying low and selling high, the Fed prepped for a rate hike, and dollar strength continuing, the gold bid is disappearing.
    • 1.5% decline today to $1,066 per ounce has brought the yellow metal to its lowest level in six years. GLD -1.4%
    • Gold is lower by 18% since an early 2015 rally took it all the way past $1,300 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Nov. 17, 2015, 12:24 PM | 32 Comments
  • Nov. 12, 2015, 9:59 AM
    • Down nearly 1% on the session just minutes ago, gold has recouped all of the days losses and more in the space of a few bars, now up 0.1% to $1,086 per ounce. GLD +0.15%
    • The move comes amid sloppy action in stocks - with futures moving from near flat to about half a percent lower just ahead of the open. In early action, the S&P 500 is down by 0.5%, the Nasdaq by 0.6%, and DJIA by 0.8%.
    • Earlier, Mario Draghi promised more QE, if needed, and the Fed's Jim Bullard promised a rate hike. In her opening remarks at a conference, Janet Yellen doesn't touch on the subject.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Nov. 12, 2015, 9:59 AM | 38 Comments
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Sep. 24, 2015, 3:18 PM
    • The yellow metal is ahead 1.7% to $1,150 per ounce, its highest level since the panicky action of late August. It's been able to hold its gains today despite a big bounce in U.S. stocks - down just modestly now after being lower by well more than 1% a couple of hours ago.
    • Caterpillar remains lower by 6.25% after cutting 2015 guidance, warning on 2016, and setting in place major job cuts. Interest rate markets are busy pricing out chances of a Fed rate hike this year - now a roughly 50/50 proposition.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Sep. 24, 2015, 3:18 PM | 23 Comments
  • Sep. 18, 2015, 7:13 AM
    • Trading at about $1,115 per ounce head of the FOMC decision yesterday afternoon, the yellow metal jumped about $15 per ounce in the immediate aftermath of the news, and has tacked on more this morning, now going for $1,137.
    • The statement, economic projections, and Yellen press conference did imply at least one rate hike is still coming this year, but October hardly seems likely at the moment. ZIRP could remain in place at least another three months.
    • GLD +0.4% premarket
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Sep. 18, 2015, 7:13 AM | 50 Comments
  • Aug. 28, 2015, 11:00 AM
    • Slightly in the red for most of the morning following yesterday's melt-up, crude oil has turned sharply higher again in the past few minutes, now up 3.75% to $44.16 per barrel. Black gold had traded south of $38 during Monday's panic.
    • Asleep for most of the week as the markets tossed and turned, gold has moved higher by 1.15% to $1,135.50 per ounce.
    • There's no particular news out, but an appearance on CNBC by leading Fed dove Kocherlakota (not a FOMC voter this year) makes for a good excuse. Given the weakening inflation numbers, the Minneapolis Fed boss said a near-term rate hike would not be appropriate. More interesting, he's not against consideration of QE4, and says the Fed still has asset-purchase tools.
    • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, DTO, UGA, UGLD, DZZ, USL, GLDI, OUNZ, DGL, DNO, DGZ, DGLD, AGOL, UHN, OLO, SZO, GEUR, UBG, GYEN, OLEM, QGLDX
    | Aug. 28, 2015, 11:00 AM | 84 Comments
  • Aug. 26, 2015, 9:02 AM
    • Europe has turned green after being down more than 2% earlier, and U.S. stock index futures are now ahead by about 2.5%.
    • Beijing overnight pumped more money into propping up China's markets and economy, and the ECB this morning hinted at a QE boost.
    • After putting in only a modest rally amid the market panic of the last three sessions, gold is lower by 1.2% on today's session, and back to $1,125 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Aug. 26, 2015, 9:02 AM | 10 Comments
  • Aug. 24, 2015, 8:28 AM
    | Aug. 24, 2015, 8:28 AM | 14 Comments
Company Description
Central Gold-Trust is a passive, self-governing, single purpose, closed-end trust, with voting Units, that provides the secure holding of gold bullion on behalf of its Unitholders.
Sector: Financial
Country: Canada