Gold: Casualty Of Currency Manipulations?
Damir Tokic
•
Tue, May 21
Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
33,207 people get GLD articles and Market Currents by email alert.
Get email alerts on GLD »
HEADLINES:
ALL
|
PRO
|
FOCUS
|
RELATED
|
TRANSCRIPTS
|
NEWS & PR
-
-
-
-
-
-
-
Will Wednesday's Fed Minutes Spark A Sell-Off?Chris Ciovacco • Tue, May 21 -
-
-
-
-
-
-
-
CEF Weekly Review: Aberdeen Indonesia FundJoe Eqcome • Mon, May 20 -
-
-
-
-
To learn more about Seeking Alpha Pro, click here.
-
Gold: Casualty Of Currency Manipulations?Damir Tokic • Tue, May 21
-
-
-
-
-
-
Will Wednesday's Fed Minutes Spark A Sell-Off?Chris Ciovacco • Tue, May 21
-
-
-
-
-
-
-
-
CEF Weekly Review: Aberdeen Indonesia FundJoe Eqcome • Mon, May 20
-
-
-
-
-
There are no Transcripts on GLD.
-
at MarketWatch.com (Tue, 11:04AM)
-
at MarketWatch.com (Mon, 2:32PM)
-
at MarketWatch.com (Fri, 2:51PM)
-
at CNBC.com (Thu, 4:19PM)
-
at MarketWatch.com (Thu, 2:44PM)
-
at CNBC.com (Thu, 2:36PM)
-
at MarketWatch.com (Thu, 1:01AM)
-
at CNBC.com (Wed, 5:40PM)
-
at CNBC.com (Wed, 5:02PM)
-
at MarketWatch.com (Wed, 2:27PM)
-
at MarketWatch.com (Tue, 3:08PM)
-
at MarketWatch.com (May 13, 2013)
-
at MarketWatch.com (May 10, 2013)
-
at MarketWatch.com (May 10, 2013)
-
at MarketWatch.com (May 10, 2013)
-
at CNBC.com (May 9, 2013)
-
at CNBC.com (May 9, 2013)
-
at MarketWatch.com (May 8, 2013)
-
at MarketWatch.com (May 8, 2013)
-
at MarketWatch.com (May 7, 2013)
GLD vs. ETF Alternatives
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.
See more details on sponsor's website
See more details on sponsor's website
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, March 7, 7:59 AM Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. 23 Comments [Commodities]
- 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]
- Tuesday, March 5, 4:41 PM Gundlach: Worrying about how the Fed may unwind its policies is a waste of time, he says. The current Fed boss and the putative successor (Yellen) haven't indicated any interest in an exit. With precious metals bears patting themselves on the back of late, Gundlach thinks it's a good time to buy, preferring silver (SLV) to gold (GLD) thanks to the white metal's higher beta. 7 Comments [U.S. Economy, Commodities, Quick Ideas]
- Monday, March 4, 10:50 AM Chasing performance, money poured out of GLD last month and into the Japan Hedged Equity Fund (DXJ). The DXJ pulled in $1.77B in February, bringing YTD gains of $3B - an extraordinary amount considering it started 2013 with $1.3B. The GLD bled $3.75B last month, bringing AUM to $64B. 1 Comment
- 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, 2:55 PM Comex gold scores its biggest one-day gain of the year, jumping $28.90 (+1.8%) to settle at $1,615.50, as Bernanke’s comments were "music” to the ears of precious metals bulls, Real Assets' Jan Skoyles says, "and strong economic data is just not enough anymore to convince markets that all is well." Silver +0.9% to $29.32. 8 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]
- Monday, February 25, 12:41 PM Gold gains 1.1% to $1,590 after touching a 7-month low last week amid growing indications of at least short-term capitulation. Another one: Net long positions for the week ended Feb. 19 were slashed by 36% to the lowest level since November 2008, according to Commerzbank, which notes the metal has slid more since the 19th, meaning speculative longs have likely declined even further. GLD +0.6%, SLV +0.9%. 8 Comments [Commodities, On the Move]
- Monday, February 25, 10:59 AM Counting on the Fed's dovish bias to win out, UBS goes against the grain by predicting a "major gold rally" this year, expecting the Fed to continue printing into Q3 when UBS' commodity strategists - in contrast to its economists - expect global growth to lose momentum. But investors have been dumping their gold ETF holdings in favor of industrial metals; last week, physical palladium ETFs saw their largest inflows ever. 3 Comments [Commodities, Quick Ideas]
- Friday, February 22, 5:10 PM Fund managers' short bets on Comex-traded gold futures and options surged 33% this week to more than 65K contracts, the most in weekly CFTC data going back to June 2006. Fund managers still held more bets that prices would rise than bets they would fall, though by the lowest margin in more than four years. Gold settled at $1,572.80 today, a seven-month low. 8 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]
- Thursday, February 21, 5:25 PM CIBC economists believe many of the forces that made gold so attractive appear to be turning over, while expectations for other supportive factors are overdone. They say investors have piled into gold as a hedge by incorrectly buying into the myth that central banks have been printing so much money that inflation is inevitable, "a myth because, in reality, money growth has not been particularly brisk." 23 Comments [Commodities]
- Thursday, February 21, 10:31 AM Warming up to the idea FOMC hawkishness may be getting ahead of itself, precious metals reverse course. Gold's now up $26 from the overnight low, GLD +1%. SLV +0.7%. The dollar, however, continues to strengthen, UUP +0.3%. 7 Comments [Commodities, On the Move]
- Thursday, February 21, 7:26 AM Nice. Gold is downgraded at Credit Suisse, which cuts its price target to $1,600. One month ago, the bank saw gold at $1,750 in the short-term and $1,800 over the new year. GLD +0.6% premarket. 14 Comments [Commodities]
- Wednesday, February 20, 2:19 PM Stocks remain lower following the more hawkish tone from the FOMC, with a benign loss in the Dow masking more substantial drops in the S&P (-0.5%) and the Nasdaq (-0.7%). Gold (GLD -2.2%) and silver (SLV -3%) leg down to new lows for the session. Bond prices fell on the release, but have now turned positive, TLT +0.1%. 3 Comments
-
x oil -field
Hedge fund chief Paulson a big loser in $GLD gold rout. Are you a bag-holder for Paulson? http://reut.rs/11Qm6UC Reuters - View all 2 replies
-
x oil -field: WSJ: EU Tax Chief: UK Won't Stop Financial Transaction Tax $GLD $TVIX $UVXY http://bit.ly/10gs3ru
-
x oil -field: ''The Armageddon premium is coming out." $GOLD Bears Pull $20.B as BlackRock Says Buy: Commodities $GLD http://bloom.bg/123XiZA
-
x oil -field
WSJ: EU Tax Chief: UK Won't Stop Financial Transaction Tax $GLD $TVIX $UVXY http://bit.ly/10gs3ru http://bit.ly/10gsiTu - View all 1 replies
-
-
x oil -field
Message for $GLD Gold ETF bag-holders, ''outflows continue to concern $GLD papier-mâché investors'' http://bit.ly/11PXP0Z MarketWatch - View all 2 replies
-
x oil -field: Wishing on a Star ~ Wishing on a Dream. $GLD http://bit.ly/Z45Y3x http://bit.ly/10mg52s
-
x oil -field: EU expressed confidence U.K. would not succeed in derailing plans to introduce tax on financial transactions. $GLD Dow Jones Newswires
-
x oil -field
Paulson Said to Lose -27% in Pain O' $GOLD Fund Last Month in Rout. $GLD Papier-mâché. http://bloom.bg/ZNjAR2 Bloomberg - View all 3 replies
-
x oil -field: Gold's been stuck in a pretty tight range, and it's losing ground.''Futures Now" traders Gold's Going to $1,100oz Pro http://bit.ly/11ZCPVw
-
x oil -field: Money managers yanked $1.27B out of gold and precious metals,bringing YTD drawdown to $20.8B,gold ETF $GLD -13.8% YTD. http://bit.ly/obOPeH
-
x oil -field
$INR Standard & Poor's rules out rating upgrade for India Press Trust of India NDTV Update. $GLD http://bit.ly/10gh1CT http://bit.ly/X8U5bn - View all 5 replies
-
-
x oil -field: Russian Arms to Syria Risk Miscalculation, Dempsey Says. Bloomberg http://bloom.bg/Z3Krd8
-
- View all 0 replies
-
- View all 0 replies
-
x oil -field
What do I believe will ''break the back'' of $GLD? The so-called EU currency the BIG idea (€) Euro? $EUO http://bit.ly/11b4sA1 The Telegraph - View all 3 replies
-
x oil -field: FinancialPost: Why investors should stay in May. http://bit.ly/13lNAU3 MarketCurrents @SA http://bit.ly/12b7zTZ
-
-
leopardtrader
My views on China & how to profit big http://bit.ly/125mwoU $GLD $AAPL $CAT $AUDUSD $SPY - View all 0 replies
-
- View all 0 replies
LATEST REPLIES
-
Philip Davis
Revisiting our 2008 Chat Room - buying $ABX in similar circumstances. $$ #gold $GLD, $RYAAY, $VLO, $AAPL, $GOOG -- http://bit.ly/15eIrjP - View all 3 replies
-
Philip Davis: Actually, we had been shorting them (my background is in RE Data - I sold my old company at the top of the market).
-
-
- View all 2 replies
-
vireoman: And, oddly enough, you've been saying for months that NOK will soon be dust. Maybe Thursday will be the first indication. -
DeepValueLover: Please link to even one post where I wrote that Nokia "will soon be dust". Go ahead...I'll wait.
-
x oil -field
A Call On A Market Top And Why Gold Is Imploding by: Joseph Stuber. $AAPL $GLD $SPY $UUP http://bit.ly/15k456F - View all 4 replies
-
x oil -field: The authors should be more often commended for taking a position, and making the tough calls on markets direction,-many take a lot of $HEAT.
-
x oil -field: Would like to take this moment to thank ALL contributors @SA for thier diligent-input for helping this investor,and yes gambler make money.x
-
- View all 10 replies
-
joebat: I'm getting married in August... When can I expect this drop in gold to impact jewelry prices????. I need to buy a wedding band soon... -
Skull & Bones: Never, because the price of paper gold has little correlation to the value of the actual metal. "Possession is 10/10th Gold's value law".
-
x oil -field
$GLD looks shaky be careful,just saying http://bit.ly/14tpvPf good luck at the close. $STT - View all 2 replies
-
x oil -field: $STT State Street ETF Market Share Slips on SPDR Gold Outflows. $GLD http://bit.ly/14tpvPf $GOLD $NUGT
-
x oil -field: For the young folks that read this post,remember MF Global [if] these ~ a funds closeup shop you only get whatever papier price is leftover.
-
- View all 5 replies
-
DeepValueLover: For day traders...too bad. For INVESTORS with a time horizon in years...they are in great shape.
-
Tikay: Can someone please inform SA of technical difficulties today. Having a lot of trouble with leaving comments, error messages.
-
x oil -field
Gold: The fear bubble bursts By Felix Salmon. April 15, 2013 http://reut.rs/109digZ $GLD - View all 1 replies
-
x oil -field: For the record,believe yesterdays drop was nothing to cry about. I still believe gold will not be on sell, until it falls below $1,200oz.
-
x oil -field
Paulson $GOLD Bet Loses Almost $1 Billion: Chart of Day. $GLD Bloomberg $SLV http://bloom.bg/XD97WZ $USO - View all 3 replies
-
x oil -field: I personally do not believe he did,the man is no dummy,he will make [gains] money on the way-up,and tax write-off on the way-down.
-
x oil -field: Also believe article called it a paper loss,not going back to read again.The guy is not from Main St. he's a person with [B]'s from Wall St.
-
SA Editor Samir Patel
Anyone think the sell-off in $DIA, $SPY, $QQQ today may (at least partially) be margin selling off the $GLD plunge? - View all 1 replies
-
-
x oil -field
Is $GOLD Useless ~ Part III by: Yaron Ron Reuven.*Bingo We Have A Wining Explanation On The $GLD Short [Papier-mâché.] http://bit.ly/ZwlUqY - View all 3 replies
-
x oil -field: Was about to get around to writing same thought last nite,agree the ETF $GLD speculator - gamblers have done it to themselves in a nutshell.
-
x oil -field: Congratulations to this fine @SA contributor Mr.Yaron Ron Reuven. http://bit.ly/ZrfDxK
-
Jason Burack
Very good article on what will trigger $GLD $SLV next move higher now that correction is almost over http://bit.ly/ZsEWPY - View all 2 replies
-
-
Jason Burack: Thanks Mercy. Silver prices are now below all in production costs for a growing % of miners seekingalpha.com/article/1341731
-
- View all 1 replies
-
-
x oil -field
$TVIX Charmin comfort - $CS Fear Toiletten-Papier. http://bit.ly/Y6ZvPR http://bit.ly/12qbkbp $TVIX*52 WK L-$2.82¢ http://bit.ly/WHv8SD $GLD - View all 1 replies
-
-
x oil -field
NASDAQ: $GLD Today's papier-mâché $GLD *New Low ($131.10¢) http://bit.ly/XK6krw it can only trend lower still. http://bit.ly/10mg52s - View all 1 replies
-
x oil -field: @Abegaz $GLD Pundits who claimed death crosses are just a bunch of nonsense should be taken with a grain of salt. http://bit.ly/10VmuSN
-
Macro Investor
All right guys, anyone taking bets tonight? Just for fun, I am betting that $GLD will be up tmrw, though I hold $DUST calls. - View all 18 replies
-
Tom Saga: Gold down 6.2% in 3 months,as accurately forecasted on November 16 by: http://bit.ly/YcW0tm we will have better buying opportunities later
-
x oil -field: @SA MarketCurrents: 11:06 PM Precious metals continue to sell off sharply. $GLD $SLV http://bit.ly/xy34Z5