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SPDR Gold Trust ETF (GLD)

  • Jun. 9, 2012, 3:07 PM
    The €100B Spanish bailout added to EU/IMF pledges to Greece, Ireland, and Portugal brings the total to €486B since 2010, reports Linda Yueh. Got gold?
  • Jun. 7, 2012, 12:52 PM
    Investors who have enjoyed the sanctuary of gold mining stocks (GDX -3.7%) recently are feeling the pain today, after Bernanke's testimony failed to deliver on hopes for QE3: ABX -4.7%, GG -3.2%, NEM -2.2%, AU -3.4%, GFI -3%, KGC -7%, AUY -2.4%, AEM -3.2%, IAG -4.1%, NGD -3.5%. (earlier)
  • Jun. 7, 2012, 10:54 AM
    Rising to $1,630/oz. following the PBOC ease, gold gives it all up and more - off 1.8% to $1,605 - as Bernanke is less dovish than hoped. Silver -2.5% to $28.79.
  • Jun. 6, 2012, 2:39 PM
    Gold tumbles after relative optimism from the Beige Book cools thoughts of additional Fed action. GLD flat after being higher by nearly 1% before the report.
  • Jun. 6, 2012, 11:38 AM
    Dennis Gartman's recommendation of gold stocks after a couple of years of urging investors to buy bullion ahead of equities is the primary driver of their resurgence, Don Coxe says, adding that the shares will continue to climb: “Gold stocks are the cheapest they have been in the history of gold mining. That won’t last forever.”
  • Jun. 5, 2012, 7:38 AM
    Chinese gold imports from Hong Kong in April rose 65% from a month earlier to a record 103.6 metric tons. In the year through the end of April, Chinese gold imports have risen nearly 8-fold from 2011, according to Bloomberg. "We can't rule out the possibility that the central bank is buying gold," says Ag Bank's Wang Xinyou.
  • Jun. 1, 2012, 9:53 AM
    Gold mining names show early strength, as gold futures gain nearly $40/oz. following weak jobs data: ABX +4.8%, AUY +5%, IAG +6.2%, NEM +5.3%, GFI +3.4%, GOLD +5.1%. For today at least, gold resumes its safe-haven status: Comex gold +2.4% to $1601.90.
  • May. 31, 2012, 9:08 AM
    Gold is edging up this morning, but remains down more than 6% for the month - its worst May performance since a 10% drop in 1982. The bulls are waiting for a trigger, says David Jollie, whether it be QE or maybe a period of EU stability. Stability? We're losing track. Is stability supposed to be good or bad for gold?
  • May. 30, 2012, 11:33 AM
    "If you wrapped up all the $100 bills in circulation, it would form a cube about 74 feet per side ... in a hundred years, that money will have produced nothing. In a thousand years ... worthless," writes David Einhorn, taking aim at Warren Buffett's bear case on gold (after being the subject of an ugly attack by the Oracle's partner).
  • May. 30, 2012, 10:26 AM
    Gold's status as a safe haven looks shaky as the metal tumbles below $1,550, hit by demand for U.S. Treasurys and the rising dollar. It's also hitting miners' capex plans, as investors demand spending discipline and returns of capital rather than ambitious growth plans. “It is difficult to emphasize enough how much the world has changed for the miners in the last 18 months."
  • May. 30, 2012, 9:39 AM
    The price of gold has broken a 40-month uptrend, writes Peter Brandt, who reckons a close below $1,500 could signal another $250 move down in the metal. On the other hand, a close above $1,585 could indicate support will hold for the time being. The yellow metal today, -0.6% to $1,541.oz.
  • May. 28, 2012, 1:56 PM
    Gold may reclaim its safe-haven status by year-end, analysts say, on continued central bank purchases and demand from emerging economies and as investors refocus their interest in cash. OCBC Commodities targets $1,800/oz by the end of the year. In the short-term, expect more price volatility.
  • May. 25, 2012, 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.
  • May. 25, 2012, 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.
  • May. 23, 2012, 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.
  • May. 21, 2012, 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.
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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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