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SPDR Gold Trust ETF (GLD)

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  • Jun. 20, 2012, 11:12 AM
    Gold and oil don't seem to expect much from the FOMC today, the metal -1.2% and WTI crude -1.8%. Crude added to already solid losses on the release of storage data showing an unexpected build in inventories.
  • Jun. 14, 2012, 9:49 AM
    Gold's recent weakness provides "an outstanding, low risk entry point" for the metal and even better, for miner shares, says Tocqueville Asset Management. "Essentially long duration in the money options on the gold price," the upside for miners should exceed the metal.
  • Jun. 13, 2012, 9:35 PM
    Alternatives to popular ETFs suggested by Matt Hougan of IndexUniverse: IAU is liquid and half the cost of GLD, IYF gives broader exposure to the banking sector than large-cap focused XLF, HYG holds slightly higher-rated paper than JNK, HDV focuses on higher yielders than DVY, and VB avoids IWM's rebalancing issue.
  • Jun. 13, 2012, 8:46 AM
    S&P futures fall a bit more, -0.6% following the retail sales miss (with prior month revised down). Treasurys erase most of their losses, the 10-year flat at 1.67%. Gold is the big winner, jumping $9 to $1,623/oz. GLD +0.6% premarket as QE calls again fill the air.
  • 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.
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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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