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SPDR Gold Trust ETF (GLD)

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  • Jul. 14, 2011, 2:18 PM
    Dennis Gartman issues a cautionary warning to commodities investors, noting that the rate at which gold (GLD +0.4%) and silver (SLV +1.4%) are rising “borders upon the absurd.” His firm has “quietly” cut its gold position in half, he says, because "panic is in the air, and panic almost always ends in tears."
  • Jul. 13, 2011, 6:49 PM
    With gold (now at $1,583) looking to many like the only safe place in asset hide-and-seek, it's pushed into new nominal highs - and contrarians aren't surprised, Mark Hulbert notes, counting an average recommended market exposure of just 34% (two-thirds of gold portfolio in cash). But despite the wall of worry, could Europe woes (and a fired-up ECB printing press) make the metal go "parabolic"?
  • Jul. 11, 2011, 8:40 AM
    Stillwater Mining (SWC) agrees to buy Peregrine Metals (PTTDF.PK) for $487.1M in cash and stock. The transaction gives Stillwater access to the undeveloped Altar open mine in Argentina, which has 7.4B pounds of indicated copper resources and 1.5M ounces of indicated gold.
  • Jul. 7, 2011, 8:07 AM
    Merrill Lynch is rasing its 2011 forecast for spot gold prices by 5.3% to $1498/oz, and also raising its 2012 spot forecast by more than 3% to $1550/oz. The firm's reasons for being positive on gold include "debt and fiscal issues in developed countries." Meanwhile, Merrill is cutting its price forecasts for copper, lead, nickel, and zinc.
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  • Jul. 6, 2011, 11:53 AM
    Fund manager Eric Sprott expects gold and silver prices to go "absolutely bonkers" if QE3 is announced. Sprott also believes we're in a "secular bear market," and that the government's stimulus efforts have only had the effect of "kicking the can down the road."
  • Jun. 3, 2011, 8:55 AM
    Dennis Gartman trims his gold position by half "due to nervousness about recent declines and rumors of possible central-bank sales." Noting two recent bouts of "swift, violent selling," Gartman warns, "where there is rumored smoke, there can be actual fire."
  • May 20, 2011, 12:29 PM
    After dropping $3 in minutes earlier, crude is spiking back up, now returned to its high of the day. Other commodities are moving along the same path, gold, silver, and copper all up 2-3% since the morning dive. USO +0.5%, GLD +1.4%, JJC +2.4%.
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  • May 14, 2011, 8:15 AM
    Gold vs. silver: Reasons for investing in both still abound, but they're not the same - silver looks more like tulips lately, while gold is still gold. There are key differences: not only in supply of the metals, but the out-of-whack gold-silver price ratio.
  • 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.
  • 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."
  • 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."
  • 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.
  • 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.
  • 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.
  • 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?
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  • Apr. 19, 2011, 12:17 PM
    After creeping around the number for awhile, gold pops through $1,500/oz. for the first time ever.
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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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