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SPDR Gold Trust ETF (GLD)

  • May 16, 2012, 7:55 AM
    Off 1.3% to $1,535, gold is at its YTD low and looks to be testing a key support level hit in September and again in December. Beneath that looks to be a lot of air. It's more volatile cousin silver, -2.4% to $27.40, is forming a similar chart pattern.
    | May 16, 2012, 7:55 AM | 15 Comments
  • May 15, 2012, 7:09 PM
    Steven Cohen's SAC Capital Advisors sold off more than 1M shares of Apple (AAPL) in Q1, and increased stakes in several other techs, including Advanced Micro Devices (AMD), Cisco (CSCO), Oracle (ORCL) and Hewlett-Packard (HPQ). The firm also cut is holdings in the SPDR Gold Trust (GLD) and sold off sizable chunks of ExxonMobil (XOM) and Pfizer (PFE).
    | May 15, 2012, 7:09 PM | 16 Comments
  • May 14, 2012, 7:14 AM
    As with crude, gold -1.4% to $1,561 has also gone red YTD. The latest CFTC data show a 20% decline in net long positions for speculators in gold futures contracts to the lowest level since December 2008, reports Goldcore.
    | May 14, 2012, 7:14 AM | 18 Comments
  • May 14, 2012, 3:43 AM
    After commodities hit nearly two-year lows last week, investors are wondering whether the decade-long rally is over. Various headwinds prevail, including a slowdown in China, a U.S. economy that has yet to regain its momentum, and temporary supply gluts for some raw materials.
    | May 14, 2012, 3:43 AM | 4 Comments
  • May 8, 2012, 10:18 AM
    Chinese Q1 gold imports from Hong Kong surged to 135.5 MT, more than a six-fold increase Y/Y as the "uncivilized" country gets closer to displacing India as the world's top consumer. Increasing wealth is certainly a reason, but Sharps Pixley suggests the government may be boosting its own reserves.
    | May 8, 2012, 10:18 AM | Comment!
  • May 8, 2012, 9:46 AM
    Gold tumbles over the last hour, hitting support (as the technicians might say) of $1,610. Beyond that, the next stop on the charts may be Dec. 2011's low of about $1,525. GLD -1.6%. The gold miners - as usual - taking it worse, GDX -3.2%.
    | May 8, 2012, 9:46 AM | 27 Comments
  • May 5, 2012, 12:00 PM
    The "disconnect" between the price of gold and the valuations of the companies digging it out of the ground hits John Paulson, whose Advantage Plus fund lost 6.7% during April thanks to big bets on gold miners. Gold-mining stocks have gotten hammered of late - far worse than what the price of bullion would suggest. Why a reversion to the mean may be in the offing.
    | May 5, 2012, 12:00 PM | 55 Comments
  • May 4, 2012, 3:21 PM
    "Civilized people don't buy gold," Charlie Munger tells CNBC, prompting a couple of nice replies. From John Defeo, "... they buy 1/3 of the world's silver," referring to The Oracle's 2001 foray into that metal. "When one is fully invested in a fiat currency system both financially and in terms of legacy, you might say (that)," writes Robert Sinn.
    | May 4, 2012, 3:21 PM | 41 Comments
  • May 4, 2012, 10:54 AM
    A sharp decline turns into a free-fall, WTI crude at $97.90/barrel, now more than $8 cheaper than it was about 72 hours ago. USO -4.3%. Previously moving solidly higher, gold reverses to turn slightly red at $1,634/oz. GLD -0.2%.
    | May 4, 2012, 10:54 AM | 16 Comments
  • May 2, 2012, 3:53 PM
    A look at the ratio of gold stock prices to both the price of gold and to the S&P 500 shows just how depressed they are, writes Robert Sinn. A break in the stock market may or may not be good for gold miners, but should be an outstanding catalyst for a reversion to the mean in both ratios, he says.
    | May 2, 2012, 3:53 PM | 8 Comments
  • May 1, 2012, 8:20 AM
    A round-up of the performance of key ETFs shows Treasurys (TLT) as the only one down for the year, even as government paper had the best performance of any during April. Worst in April, but highest YTD are the financials (XLF), with the REITs (VNQ), S&P 500 (IVV), and Emerging Equity (EEM) rounding out the top 4. Was April just a pause in risk, or the start of a trend?
    | May 1, 2012, 8:20 AM | Comment!
  • Apr. 30, 2012, 5:02 PM
    The swoosh down in gold this morning may have been the result of a $1.24B "fat finger" in which 7.5K contracts were offered, cutting prices $15 in minutes. By days end, the metal regained all that was lost, finishing flat - for the day and the month - at $1,665/oz.
    | Apr. 30, 2012, 5:02 PM | 2 Comments
  • Apr. 30, 2012, 8:57 AM
    Gold takes a quick tumble, dropping nearly 1% in minutes to $1.650/oz. (taking silver along for the ride, or vice versa). The fall comes as HSBC hits the tape, cutting its 2012 average gold forecast to $1,760 from $1,850 on a "sharp decline" in Indian demand and reduced expectations for QE.
    | Apr. 30, 2012, 8:57 AM | 15 Comments
  • Apr. 26, 2012, 11:00 AM
    The charts show interesting moves for the precious metals, with gold and silver bottoming out of multi-week bear moves right as the FOMC released its policy statement (more ZIRP) yesterday. Since then, gold is 2% higher to $1,658, silver up 3.5% to $31.01.
    | Apr. 26, 2012, 11:00 AM | 4 Comments
  • Apr. 23, 2012, 1:02 PM
    A dose of reality for gold bugs from Matthew Kidman, who cautions that gold morphed from a fear trade into a greed trade after prices continued to march higher post crisis. While bulls cite strong demand, "the reality is the supply of bullion far outstrips demand, [and] that is going to be the case well into the future."
    | Apr. 23, 2012, 1:02 PM | 16 Comments
  • Apr. 23, 2012, 9:18 AM
    "Market forces are driving a de facto return to the gold standard," argues Lew Spellman. In a world where good collateral is scarce, and what does exist yields close to zero, "gold is stepping up to the plate." All that's left is for regulatory recognition, which may be coming in the form of a Basel proposal to make gold a bank capital Tier 1 asset.
    | Apr. 23, 2012, 9:18 AM | 15 Comments
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.
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