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SPDR Gold Trust ETF (GLD)

  • Apr. 13, 2011, 10:47 AM
    Noting a "higher starting point for each successive investor-led rally in the price," or what technicians call higher highs and higher lows, GFMS sees gold taking out $1,600/oz. in 2011. The group cites the usual suspects of loose monetary policy and overindebted governments for the continued rally.
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  • Apr. 6, 2011, 7:35 AM
    Rising along with the entire commodity group, gold touches another record, currently at $1,458/oz. "Unrest [in MENA] and the debt crisis in eurozone peripherals, coupled with the weak U.S. dollar and still loose monetary policy of western central banks, are fueling price speculation," writes Commerzbank.
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  • Mar. 24, 2011, 12:11 PM
    Where's Burl Ives when you need musical accompaniment? Silver and gold, silver and gold... The yellow metal may settle at an all-time high for the second straight day - now +0.6% to $1,446/ounce - and silver (+2.2%) has crested the $38 mark for its own 31-year high.
  • Mar. 22, 2011, 10:27 AM
    Events in Libya make crystal clear why gold offers such attraction - it does not rely on a government for its value. Gaddafi is thought to have nearly $7B of the metal stashed in-country, enough to finance a war for several years. Selling or swapping the gold will prove difficult, but not impossible.
  • Mar. 9, 2011, 8:18 AM
    Peking University economist Li Yining thinks China ought to buy the dip when it comes to gold. Not just any adviser, many of Li's former students are top government officials, but the head of China's FX reserves believes the gold market is too small to handle government purchases.
  • Mar. 3, 2011, 11:53 AM
    With a very broad rally under way (S&P 500 and Dow both +1.4%, and techs leading Nasdaq to +1.7%), it's not easy to find losing stocks... unless you look to gold: Barrick Gold (ABX) -2.9%; Newmont Mining (NEM) -3.2%; Kinross (KGC) -2.8%; Goldcorp (GG) -1.4%. Gold futures are down 1% to $1,423.50.
  • Mar. 2, 2011, 4:43 PM
    Calling events in MENA "the big one," Merrill's top-notch interest rate strategist Harley Bassman says, thanks to the Fed, you can put a fork in the flight to quality bid for Treasuries and the greenback. The quality assets are now in the commodity space. Bill Gross earlier.
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  • Mar. 1, 2011, 3:02 PM
    The gold ETF (GLD) has outperformed South African gold miners for years. Last year's culprit was the rising rand, which meant a 29% increase in the dollar value of gold translated into just a 13% jump for the SA miners. A lower rand (SZR) could turn things around in 2011. AU, GFI, HMY, DROOY.
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  • Feb. 28, 2011, 8:47 AM
    Price does matter (sometimes) as the surge in gold has cut both ways - lowering jewelery demand and increasing scrap sales in most economies. One exception is China, where shortages of gold bars lead desperate investors to seek out jewelery instead.
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  • Feb. 27, 2011, 2:20 PM
    Egypt bans the export of all gold, including jewelery. "This decision, which comes in light of the exceptional circumstances the country is passing through... is to preserve the country's wealth until the situation stabilizes," official news agency MENA says.
  • Feb. 21, 2011, 7:35 AM
    The Libyan unrest lights a fire under already happy oil and precious metals. April gold pops 1.3% to $1,403/oz, March silver surges 3.6% to a new post-Hunt brothers record $33.45/oz, and WTI crude nears $90/barrel, jumping 3.7%.
  • Feb. 16, 2011, 8:12 AM
    Gold demand grows at an "explosive" pace in China, where an ICBC (IDCBF.PK) exec says the bank sold 7 tons of gold in January, roughly half that sold for the entirety of 2010. Not just physical demand, he sees "frantic demand" for gold-linked deposits, expecting to quintuple 2010's sales.
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  • Feb. 15, 2011, 9:38 AM
    John Paulson's 13F is out, showing he jumped into energy stocks in Q4, adding major stakes in Transocean (RIG) and Andarko (APC), and opened new positions in health care stocks Medtronic (MDT), Baxter (BAX) and Teva Pharmaceutical (TEVA). His top four stakes remained SPDR Gold Trust (GLD), AngloGold (AU), Citigroup (C) and Bank of America (BAC).
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  • Feb. 10, 2011, 12:02 PM
    A pension fund with 12% of its assets in gold must sell off the bulk of those holdings as the Dutch National Bank decides such investment is "inconsistent with the interests of the participants." Proceeds from the gold sales will presumably be invested in Portuguese debt?
  • Feb. 7, 2011, 3:21 PM
    JPMorgan (JPM) will start accepting physical gold as collateral against securities lending and repos, making it the first tri-party agent to do so. The bank plans to start accepting other precious metals and commodities as collateral later in the year.
  • Feb. 7, 2011, 9:45 AM
    Global miners will likely report H2 profits doubled, leaving them with so much cash that even multi-billion dollar expansion projects and smaller acquisitions won't make much of a dent. Shareholders are pushing for fat dividends. 
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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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