iShares Silver Trust ETFNYSEARCA
Fri, Oct. 7, 4:56 PM
Fri, Oct. 7, 11:49 AM
- The metal climbed to nearly $1,270 per ounce in the minutes following this morning's jobs miss, but quickly came off of that level, and has accelerated to the downside in the past few minutes.
- It's now down 0.6% on the session at $1,245 per ounce, the weakest since the early days of June. GLD -0.8%
- Silver's moving similarly, down 0.65% to $17.23 per ounce. SLV -1.1%
- ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, GYEN, USV, GEUR, UBG, QGLDX, DULL, SHNY
Thu, Oct. 6, 10:48 AM
- The 10-year Treasury yield is up another three basis points to 1.73%, its highest level since the start of the summer. On the short end, futures traders have priced in about a 90% chance of a rate hike between now and year-end.
- Tomorrow morning brings September's jobs report and it seems only a string of terribly weak prints would be enough to push the Fed off of its promise to raise rates this year.
- Gold is lower by another 1% to $1,255 per ounce - now off nearly $100 per ounce over the past couple of weeks. GLD -1%
- Silver today is down 2.25% to $17.30 per ounce - almost $3 per ounce less than its level of two weeks ago. SLV -2.7%
- ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, DBP, GYEN, USV, GEUR, JJP, UBG, BLNG, QGLDX, DULL, SHNY
Fri, Sep. 30, 4:37 PM
Wed, Sep. 28, 4:01 PM
- With investors this quarter pouring more than $625.5M into the iShares Silver Trust (NYSEARCA:SLV) - the largest quarterly amount since 2010 - holdings in ETFs backed by silver have climbed to their highest ever, according to Bloomberg.
- The popularity surge comes as silver has rallied 39% this year.
- ETFs: SLV, AGQ, PSLV, USLV, SIVR, ZSL, SLVO, DSLV, DBS, USV, DULL, SHNY
Fri, Sep. 2, 4:17 PM
Fri, Aug. 19, 5:15 PM
Sat, Aug. 6, 1:55 AM
Mon, Aug. 1, 9:18 AM
- Silver futures are strong in early trading as they track toward a two-year high.
- September Silver futures are up 1.2% to $20.58/oz.
- "Silver has come back into relative value [with gold] over the last 30 years,” notes Sharps Pixley CEO Ross Norman.
- Silver ETFs: SLV, AGQ, PSLV, USLV, SIVR, ZSL, SLVO, DSLV, DBS, USV
Sun, Jul. 31, 4:15 AM
- Barron's interviews Jim Grant, founder of Grant's Interest Rate Observer.
- Grant is bullish on metals, including Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM), Goldcorp (NYSE:GG), New Gold (NYSEMKT:NGD), and Pan American Silver (NASDAQ:PAAS): "Gold stocks have come a long way. But many were priced for bankruptcy, notably Barrick Gold, an encumbered mining company priced at $6 at the bottom, as if its debt would not be paid. Now the stock is $20. I personally own Newmont Mining, Goldcorp, and New Gold.
- "I'm very bullish on the metal, bullish on miners. Bears on credit finally get paid in gold. At the end of the road to confetti, gold will reclaim some position as an active monetary asset, not a crank's asset. It is now a relatively high-yielding asset, yielding, as it does, nothing.
- "We are also bullish on silver. It is the crazy uncle in the attic of monetary assets. It is as volatile as Donald Trump. It has industrial uses as well as monetary ones, which will come to the fore as the gold bull market progresses. In June, we recommended Pan American Silver (PAAS) and long-dated, out-of-the-money call options on the silver exchange-traded fund iShares Silver Trust (NYSEARCA:SLV).
- Grant is bearish on Kraft Heinz (NASDAQ:KHC), Campbell Soup (NYSE:CPB), and United Rentals (NYSE:URI): "One idea that hasn't worked yet is being bearish Big Food. Both are indicative of one form of excess, reaching for yield in equities. Campbell is trading for 23 times trailing net income, and Kraft is 46 times. Both are battling new trends in eating."
- Other ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
Wed, Jul. 6, 6:58 PM
- Gold rallied in today's trade to its highest price since March 2014, and holdings by the SPDR Gold Trust (NYSEARCA:GLD) rose to 31.6M oz. for its biggest total in three years, picking up speed on reports that three U.K. commercial property funds worth ~£10B had suspended trading.
- "The bull market in gold and silver is all about negative real interest rates, currency market volatility and failed central-bank policy worldwide,” says Altavest's Michael Armbruster.
- UBS analysts think gold's rise is not over, because it thinks the serious money has not come in yet: "Our sense is that individual positions are not particularly large, but rather the extent of involvement has been quite expansive. It’s also worth noting that despite the very strong inflows into gold ETFs YTD, global holdings are still some distance away from record highs."
- Not everyone agrees: OptionSellers.com's James Cordier thinks gold will drop to $1,200-$1,250 by year-end because the metal is acting as a currency and will return to acting like a commodity "once the hysteria slows."
- ETFs: GDX, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, GYEN, USV, GEUR, UBG
Tue, Jul. 5, 12:30 PM
Fri, Jul. 1, 4:26 PM
Wed, Jun. 29, 3:13 PM
- Equity markets appear to have moved past the Brexit panic, but that doesn't mean money is exiting gold. The metal is modestly higher today, and mostly hasn't budged from its post-vote levels of Friday.
- At $1,327 per ounce, gold is at its highest in two years.
- Silver's doing even better, up 2.8% to $18.40 per ounce - surpassing its post-vote levels on Friday.
- Previously: Global bounce gains strength (June 29)
- ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, GYEN, USV, GEUR, UBG, QGLDX
Fri, Jun. 24, 7:57 AM
- Brown Brothers' Marc Chandler: Brexit sends shock waves through global capital markets
- UBS' Mark Haefele: Waking up to Brexit. Market and portfolio implications
- Gerring Capital's Eric Parnell: 'BLeave' it! The U.K. is out - now what?
- Terrier Investing: Brexit: Keep calm and carry on
- Lawrence Williams: Brexit: Britain enters brave new world
- Richard Berger: Brexit, gold, systemic market risk and you
- UK Value Investor's John Kingham: My secret investment plan for surviving and thriving after Brexit
- David Merkel: Brexit boogeyman bellows 'Boo!
Fri, Jun. 24, 7:48 AM
- Gold (NYSEARCA:GLD) is higher by 4.8% to $1,324 per ounce as Europe crashes a full 9% following the U.K vote to leave the EU. Gold had been as high as $1,362 overnight. Nevertheless, the price of the yellow metal is at its strongest in more than a year. Also lit up bright green is sliver (NYSEARCA:SLV), up 3.7% to $18.
- WTI crude oil (NYSEARCA:USO) is near its session low, down 4.5% to $47.84 per barrel.
- ETFs: GLD, SLV, USO, OIL, UWTI, IAU, AGQ, UCO, PSLV, PHYS, DWTI, USLV, SCO, SIVR, BNO, SGOL, DBO, ZSL, UGL, DGP, GTU, DTO, UGLD, UGA, GLL, USL, DZZ, GLDI, DSLV, OUNZ, DGL, DNO, DBS, DGZ, DGLD, OLO, UHN, SZO, GYEN, USV, GEUR, OLEM, UBG, QGLDX, OILX