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Tuesday, April 2, 2:59 PM Gold futures fell $25 to settle at $1,575.90/oz., near four-week lows, as strength in the dollar and rallying U.S. equities has wiped out gains logged when Cyprus began to hit the headlines. Mining stocks such as Goldcorp (GG -2.8%), Barrick (ABX -2.2%), Kinross (KGC -4.3%) and Newmont (NEM -3.7%) are down in tandem with gold prices. 9 Comments [Commodities, On the Move]
Tuesday, April 2, 9:17 AM Gold may have had its "last hurrah," says SocGen, expecting $1,375/oz. by the end of the year thanks to an improving U.S. economy bringing with it a stronger dollar and higher interest rates. SocGen also notes the turn in professional sentiment as evidenced by heavy ETF redemptions. GLD -0.9% premarket. 47 Comments [Commodities]
Thursday, March 28, 4:41 PM Gold concluded another crummy quarter, finishing Q1 at $1594.80, down $80/oz., or 4.8%. Combined with its downbeat end to 2012, gold has dropped 10% over the past two quarters for its first back-to-back quarterly drop since 2001. The metal's 1.1% gain for March offers a bit of hope for gold bugs, but it has dropped in four of the past five sessions and 12 of the past 18 weeks. 7 Comments [Commodities]
Wednesday, March 27, 7:42 AM Down about 6% in Q1, gold is set for its first back-to-back quarterly drop (it fell 5.5% in Q4) since 2001, notes Tim Seymour. Today's tumult in Europe is failing to generate a bid for the metal, GLD -0.35% premarket. 4 Comments [Commodities]
Thursday, March 21, 7:49 AM Gold gets a downgrade at SocGen which says the metal's price is in bubble territory. The downturn which began in October will continue, with the price hitting $1,400 by year's end and falling further in 2014. GLD +0.2% premarket. 27 Comments [Commodities]
Monday, March 18, 11:35 AM Gold's safe-haven status is renewed amid the situation in Cyprus, sending Comex gold above $1,600/oz. for the first time this month. “Gold should profit from the possibility that savings are no longer regarded as safe," Commerzbank says, but it's too early to know if the push will last; Societe Generale doubts gold rallies much from here. Gold miners also move up: GDX +1.1%, GDXJ +1.2%. 3 Comments [Commodities, Global & FX, On the Move]
Wednesday, March 6, 3:09 PM Longtime bulls on gold, Commerzbank analysts turn bearish, noting holdings of gold ETFs have dropped below 2.5K tons for the first time 5 months. GLD - far larger and the playground of institutional players - has seen a significantly higher amount of outflows on a percentage basis than the retail favorite IAU. Another measure of small-fry sentiment, U.S. mint sales remain brisk. 16 Comments [Commodities]
Friday, March 1, 3:14 PM Gold ETP flows had their weakest month on record, according to Barclays, causing net fund ownership of the metal to fall to its lowest level since Dec. 2008. New short positions are at their highest since July 1999. Net outflows between Feb. 20-25 averaged more than 10M tons/day, with the bulk coming out of the GLD which lost 58M tons for February. 25 Comments [Commodities]
Thursday, February 28, 12:50 PM Add SocGen to the growing list of sell-side shops growing bearish on gold (GLD), calling Fed talk about an exit strategy premature for now, but coming nevertheless. It's a familiar argument to anyone paying attention. The news isn't SocGen's reasoning, but instead the now-fashionable bearishness on the metal. 14 Comments [Commodities]
Tuesday, February 26, 7:15 AM Goldman slashes its 2013 gold price target to $1,600 from $1,810 citing ... recent price declines. What wonderful value-added. Searching for a better reason to justify its fancy pay, the team notes a small increase in U.S. real interest rates as well as the perceived hawkish FOMC minutes (refuted by a half dozen Fed speakers over the past few days). GLD -0.3% premarket. 18 Comments [Commodities]
Friday, February 22, 9:19 AM Outflows from the GLD hit $1B in January and have accelerated in February, now summing to $3.1B YTD. Bulls may take heart - the last time the GLD suffered outflows was mid-summer 2012, just ahead of a big rally in gold prices. AUM in GLD was $72B at January's end. 27 Comments [Commodities]
Friday, February 15, 12:35 PM Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%. 43 Comments [Commodities, On the Move, Quick Ideas]
Thursday, February 14, 11:59 AM Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. 20 Comments [Commodities]
Thursday, February 14, 11:04 AM Slowing gold demand may be about to get a catalyst to reignite, with the World Gold Council predicting China will launch a physically-backed gold ETF this year. A dream of goldbugs for years, the new product's launch has been paved by recent regulatory changes in the country, says the WGC. 4 Comments [Commodities]
Monday, February 11, 9:31 AM Precious metals go into the tank on chatter the G-7 is set to issue a statement in which all will pledge to get along with regards to currency devaluation. The G-20 meets in Moscow at week's end. GLD -1.2%, SLV -1.5%. 37 Comments [Commodities, Global & FX]
Thursday, January 17, 10:40 AM Plans for a covered-call Gold ETN are unveiled by Credit Suisse just days after the bank sold its European ETF business to iShares. The fund will hold GLD and try to boost returns - and provide downside protection - by selling "out of the money" calls against it. The launch could come as soon as this month. 4 Comments [Commodities]

DGL PowerShares DB Gold ETF

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PowerShares DB Gold ETF