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SPDR Gold Trust ETF (GLD)

- NYSEARCA
  • Aug. 22, 2011, 11:46 AM
    As gold tacks on another 1.9% today, even some long-term bulls think it's due for a breather. The Midas Fund's Tom Winmill thinks a $150 selloff could happen, with stabilizing equity markets leading to a "mass rotation" out of gold. But Winmill still thinks gold could "go haywire" by 2013, thanks to Washington's budget and tax problems. (previously)
    | Aug. 22, 2011, 11:46 AM | Comment!
  • Aug. 22, 2011, 10:31 AM
    As gold approaches $2,000/oz., Bespoke presents a weekend picture from wealthy Westport, CT - where people are lined up out the door to sell their gold - and wonders if we're nearing an inflection point. Wouldn't the inflection point be when folks are camping out to buy gold? GLD +1.3%.
    | Aug. 22, 2011, 10:31 AM | 7 Comments
  • Aug. 19, 2011, 10:52 AM
    Gold futures pushed to new session highs of $1881.40/oz. overnight, but have pulled back ~$34; now at $1846, +1.3%. The yellow metal's recent run sparks talk of $2,000: "I think we're going to see it by the end of this month," MF Global's Adam Klopfenstein exudes. "People gravitate towards [assets] that give them piece of mind when there's a lot of uncertainty."
    | Aug. 19, 2011, 10:52 AM | 5 Comments
  • Aug. 19, 2011, 7:21 AM
    Gold continues sharply higher, +2.9% to $1,874/oz. as Asia closes on the lows and the liquidation of European shares resumes. GLD +2.7% premarket.
    | Aug. 19, 2011, 7:21 AM | Comment!
  • Aug. 18, 2011, 4:02 PM
    While bullion traders and central banks prepare for the monumental task of moving all of Venezuela's gold back into the country, critics warn the plan to hold 63% of the nation's reserves in one commodity is fraught with risk. President Chavez unfazed, says he will store gold in his palace if space run out.
    | Aug. 18, 2011, 4:02 PM | 8 Comments
  • Aug. 18, 2011, 8:45 AM
    It seems to be a simple formula really: shares fall on global economic worries and the eurozone debt crisis, so gold hits another record. The yellow metal's latest benchmark is $1,816.41 an ounce. (previous)
    | Aug. 18, 2011, 8:45 AM | Comment!
  • Aug. 18, 2011, 8:03 AM
    Knocked down by the combination of a CME margin hike and a bounce in equities, gold again jumps over $1,800/oz., now at $1,814 and within a whisker of its all time high. GLD +1.3% premarket.
    | Aug. 18, 2011, 8:03 AM | 3 Comments
  • Aug. 17, 2011, 12:51 PM
    President Hugo Chavez of Venezuela, speaking on state TV, says he plans to nationalize gold production and processing, using the proceeds to bump up his country's international reserves.
    | Aug. 17, 2011, 12:51 PM | 3 Comments
  • Aug. 16, 2011, 10:41 AM
    More on the Swiss franc move: With even the Swiss now overtly in the business of currency devaluation, money flows into gold, the yellow metal spiking $20 higher as the franc dives. GLD +1.1%.
    | Aug. 16, 2011, 10:41 AM | 2 Comments
  • Aug. 15, 2011, 6:13 PM
    John Paulson, whose flagship funds have lost ~30% this year, cut his position in Bank of America (BAC) in half and slashed Citigroup (C) in Q2, according to the latest 13-F. But he's selective in his hatred for financials, as he added substantially to positions in Capital One (COF) and Wells Fargo (WFC). His biggest stake, in SPDR Gold Trust (GLD), held steady.
    | Aug. 15, 2011, 6:13 PM | 7 Comments
  • Aug. 15, 2011, 5:54 PM
    Steve Cohen, who runs the SAC Capital hedge fund, discloses a new position in options on the SPDR Gold Trust ETF (GLD) - now its single equity holding, according to the latest 13-F. Among SAC’s other activities, it sharply cut stock positions in GE, Newmont Mining (NEM) and BJ’s Wholesale Club (BJ), while more than doubling its stake in Apple (AAPL).
    | Aug. 15, 2011, 5:54 PM | Comment!
  • Aug. 12, 2011, 10:51 AM
    Gold continues to slide, off about $100/oz. over the last 36 hours as world equities have regained their footing amidst short-selling bans, currency interventions, and hints of QE. The metal remains nearly 7% higher for the month, beating shares by just a bit. GLD -1.6%.
    | Aug. 12, 2011, 10:51 AM | 3 Comments
  • 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, 3:55 PM | 3 Comments
  • 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%).
    | Aug. 8, 2011, 1:16 PM | Comment!
  • 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.
    | Aug. 4, 2011, 11:02 AM | Comment!
  • 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.
    | Aug. 2, 2011, 3:45 PM | 1 Comment
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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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