Seeking Alpha

GLD
SPDR Gold Trust ETF

5/26/2012, 6:05 PM ET
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GLD Market Currents more »
  • Friday 2:44 PM Central bankers are keeping it low-key for now, writes Saxo Bank's Steen Jakobsen, but they're surely realizing they've fallen behind the curve. China is slowing precipitously, the rest of Asia is suffering from a cutoff in credit as EU banks pull back, and, of course, there's Europe. The central banks aren't going to sit on their hands forever. He's buying GLD, GDX, and HYG. [Global & FX, Commodities]
  • Friday 6:56 AM The CME cuts margin requirements for trading gold contracts  by 10%, the 2nd reduction this year as volatility in the metal's price declines. The margin required for one contract will drop to $9,113 to $10,125, effective May 29. GLD +0.2% premarket. [Commodities]
  • Wednesday 10:13 AM The SPDR Gold Trust (GLD) recorded $897M in outflows yesterday, the largest decline since August 2011. Commerzbank wants to see more days of outflows, but says it's surely a negative if even ETF investors are caught up "in the selling pull." More: Central GoldTrust (CTU) now trades at a discount to NAV vs. an average 3.4% premium over the past year. [Commodities]
  • Monday 10:28 AM J.J. Abodeely is "jumping into the abyss" in pursuit of downtrodden gold mining stocks. If shares are being weighed by a negative view of the gold price and concern over input costs, he thinks they should rally if either conditions is resolved favorably; he also believes evidence of further economic weakness would be met with a policy response that will benefit gold. [Commodities, Quick Ideas]
ETF Stats
  • Expense Ratio: 0.40%
  • Average Bid Ask Ratio: 0.01%
  • Tracking Error: 1.44%
  • Concentration Risk: 100.00%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 1
  • Dividend Amount:
  • Dividend Date:
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GLD Press Releases and Filings more »
Currently, there are no press releases or filings on GLD.
GLD Instablog posts more »
  • Gold And The Dollar: Proposed Buy And Sell Signals
    Sat, May 26 John Lounsbury 1 Comment
  • Holding Weekly Pivots Indicates Strength Into Friday’s Employment Data.
    Sat, May 26 Richard Suttmeier Comment!
  • Saturday Update: Investing Wisely – Forecasts / Conformations = Results ! - - May 26, 2012
    Fri, May 25 Steven Bauer Comment!
  • Emini Futures | Robin Dayne The Traders Coach
    Thu, May 24 DeWayne Reeves Comment!
  • The Dow Industrial Average Tested My Annual Value Level At 12,312.
    Wed, May 23 Richard Suttmeier Comment!
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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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Country: United States
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