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SPDR Gold Trust ETF (GLD)

  • Aug. 8, 2011, 3:55 PM
    Gold is up 3.8% today to $1,715/oz, and J.P. Morgan now thinks thinks the metal could sell for $2,500/oz or more by the end of 2011. Nonetheless, the firm is relatively tame in its bearishness, believing economic conditions are closer to those of a "mid-cycle pause" such as 1998 than a cycle-ending period such as 2008.
  • Aug. 8, 2011, 1:16 PM
    Canadian gold stocks are getting a lift from the yellow metal's flight-to-safety runup today: Goldcorp (GG +4.7%), Kinross Gold (KGC +1.4%), Barrick Gold (ABX +4.8%).
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  • Aug. 4, 2011, 11:02 AM
    While the price of gold continues to punch out new records, Lombard Research notes the metal's implied volatility remains relatively low ... for now. The group says there is plenty of room for a spike, especially since central banks may be nearing a dovish turn.
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  • Aug. 2, 2011, 3:45 PM
    Gold's gains are accelerating as stocks move the other way. The yellow metal is hitting new records seemingly with each tick, now +2.1% at $1656/oz.
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  • Aug. 1, 2011, 4:12 PM
    As gold prices continue surging and coin vendors report booming demand, debate rages on whether a bubble exists. George Soros has called gold a bubble, and Warren Buffett thinks there are better investment opportunities elsewhere, but John Paulson remains bullish. Successful forecasters polled in a Bloomberg survey see gold rising to $1,938/oz. in 2012.
  • Jul. 20, 2011, 4:01 PM
    Cullen Roche suggests moving long gold and bonds to take advantage of a new era of austerity in Europe and the U.S. He doesn't see inflation as an immediate threat to his play, noting the size of the Fed's balance sheet does little to stimulate the real economy.
  • Jul. 19, 2011, 3:05 PM
    Precious metals dive in wake of optimism over a possible debt deal, silver falling more than 2.5% in the minutes following President Obama's comments. It makes Cullen Roche want to bang his head against a wall. "Did people really buy silver thinking that the U.S. would go bankrupt?" SLV -2.9%, GLD -1.4%.
  • 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.
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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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