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SPDR Gold Trust ETF (GLD)

- NYSEARCA
  • May. 4, 2011, 5:15 AM
    On the long side of the gold trade (earlier), John Paulson - who says gold's going to $4,000 over the next 3-5 years.
    | 7 Comments
  • May. 4, 2011, 1:40 AM
    The question for gold investors is not whether the rally still has legs; it's how solid are the risk-adjusted returns. Not very, Andrew Haigney says: Absent QE3, "we think the low fruit is off this tree." When markets get comfortable that the Fed is truly out of the picture, "look for the dollar to firm and commodity prices to slide."
    | 14 Comments
  • May. 2, 2011, 12:27 PM
    A roundup of economists' reactions to the killing of Osama bin Laden ranges from effects on the dollar and gold to an overall lowering of equity risk premiums and beyond. Ed Yardeni: "My sense is that most fully invested bears would turn into outright bulls if fiscal discipline were to make a comeback in the U.S. and if John Wayne were back in the saddle again."
    | 3 Comments
  • May. 1, 2011, 4:58 AM
    With all due respect to President Obama's weekly address, it's the ultra-weak dollar that's led to spikes in commodity prices including oil and gold - not the evil speculators: "The plan to spend America out of the downturn is making a mockery of the country's 'strong dollar' policy," and causing faith in 'fiat money' to crumble, Gary White writes.
    | 15 Comments
  • Apr. 30, 2011, 8:15 AM
    Tim Geithner and Treasury may not be intentionally holding down the dollar, but that doesn't mean it's poised for any kind of rally. There are still ways to profit from the incredible shrinking greenback, including large-cap heavy exporters, international bonds, gold (of course), and some - not all - foreign currencies.
    | 2 Comments
  • Apr. 29, 2011, 2:19 PM
    "Our economy is far from where we would like it to be," says Fed chief Bernanke at a conference about the challenges facing lower/moderate income communities. Gold likes what it hears, now surging 2% to $1,562/oz. The dollar plumbs fresh 30-month lows.
    | 3 Comments
  • Apr. 26, 2011, 3:38 PM
    Even after a relentless 10 year rise, gold seems to be the commodity that everyone (even some who own it) loves to hate. How else to explain headlines like Is Copper the New Gold, and trader sentiment that turning gold into copper is the new alchemy?
    | 1 Comment
  • Apr. 19, 2011, 12:17 PM
    After creeping around the number for awhile, gold pops through $1,500/oz. for the first time ever.
    | 6 Comments
  • Apr. 14, 2011, 5:10 PM
    "The gold price takes the form of a very uncomplicated formula," says Jim Grant, "all you have to do is divide 1 by 'n' ... 'n' being the trust in the capacity of people like Ben Bernanke to manage (paper money). The smaller 'n', the bigger the price," says Grant, explaining the yellow metal's bull run.
    | 4 Comments
  • Apr. 14, 2011, 9:22 AM
    An adviser to the Bank of Korea calls for rates to be raised to at least 4% to combat inflation (currently running near 4%) and put a check on rising household debt. What is the state of the world when even a hawkish voice isn't calling for positive real rates? Gold hovers near record levels at $1,460/oz.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | 2 Comments
  • 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.
    | 18 Comments
  • 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.
    | 3 Comments
  • 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.
    | 3 Comments
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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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