Sep. 19, 2013, 1:12 PM
- While headlines show a near 5% rally for gold and almost 8% for silver, those ETFS which track the metals - (GLD +0.4%) and (SLV +0.2%) - have barely budged. ETF investors aren't missing out. Instead, it's the metals' official close of trade time - 1:30 ET - meaning yesterday's massive post-FOMC (2 ET) rally will be reflected in today's price change. Both ETFs - where trading doesn't end until 4 ET - soared yesterday.
- Meanwhile, the non-taper has previously bullish Michael Dudas remaining so, but Commerzbank is more cautious: "Rising equity markets could mean that investors prefer to put their money into equities rather than gold," says the team, which would like to see a trend of inflows into ETFS before getting too excited (money exited again yesterday).
- The miners are giving back some of yesterday's big gains. Up 9% on Wednesday, the GDX is off 2.4% today. The triple-leveraged bull ETF (NUGT -7.5%) gives back some of yesterday's 27% gain, while the triple-leveraged bear ETF (DUST +7.8%) recoups some of yesterday's 27% swoon.
- PM ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
- Gold miner ETFs: GDX, GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING.
- Silver miners: SIL, SLVP, SILJ.
Sep. 18, 2013, 2:09 PM
- S&P 500 (SPY +0.6%), DJIA (DIA +0.4%), and Nasdaq 100 (QQQ +0.6%) after the Fed surprises by not announcing any taper of its asset purchase program.
- The 10-year Treasury note rises nearly a full point, the yield down to 2.78%. TLT +0.4%.
- Precious metals soar, Gold (GLD +2.7%), Silver (SLV +2.9%), and the dollar (UUP -1%) heads south.
- Money line from the FOMC statement: "The Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases." Also noted is the "federal fiscal retrenchment."
- Precious metals ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.
- Treasury ETFs: TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX.
- Dollar ETFs: UUPT, UDN. UDNT.
- Index ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDB, DIA, DDM, UDOW, DXD, SDOW, DOG, QQQ, QQEW, TQQQ, QID, SQQQ, PSQ, QLD, QQQE.
Sep. 13, 2013, 4:32 PM
Sep. 13, 2013, 7:50 AM
- The action is again in precious metals where gold looks like it may break underneath $1,300 again. The metal's off 1.5% to $1,311 per ounce. Silver's down 2.1% to $21.68.
- Today's excuse for selling looks to be he rumored imminent nomination of Larry Summers to be Fed chief. Summers brings with him what is assumed to be a more hawkish attitude than his competitor for the job, Janet Yellen, and he's made clear his ambivalence about the efficacy of the QE program.
- GLD -0.8%, SLV -0.8% premarket.
- ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
Sep. 12, 2013, 8:01 AM
- Gold continues its September slide with the slowing of the war drums in D.C. as good an excuse as any for the selling. The metal's off 1.7% to a one-month low of $1,340 per ounce.
- Silver follows suit, -2.4% to $22.60.
- Making the rounds among the ZeroHedge types was the halting of the entire market for 20 seconds overnight after a 2000 lot order sent gold down $10 in minutes. Most notable about the story is that gold hasn't rebounded since - it's actually lost a few more dollars.
- GLD -1.7%, SLV -2.3% premarket.
- Precious metals ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
Sep. 10, 2013, 7:44 AM
- Precious metals and oil slide as the chance of Western military intervention into Syria fades. GLD -1.3%, SLV -2%, USO -1.2%.
- Syria has reportedly accepted a proposal to put its chemical weapons under international control in exchange for no U.S. military strike
- ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO, OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI, BNO, UOIL, DOIL.
Aug. 27, 2013, 7:35 AM
- Tension over Syria is today's excuse for buying as the metal pops 1.6% to $1,415 per ounce. Gold's now up about 18% from its late-June low in the $1,200 area. GLD +0.9% premarket.
- Technician Michael Kahn looks at his charts and says gold broke through key resistance last week and now has its sights set on its former price floor of $1,542.
- Silver's support and resistance levels are not as well defined, says Kahn, but the metal up is tandem with gold this morning, +1.5% to $24.10 per ounce. SLV +0.15%.
- Precious metal ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
Aug. 23, 2013, 4:25 PM
Aug. 23, 2013, 3:35 PM
- With Labor Day nearing, an 8-week rally has taken gold right back to its Memorial Day level, with a big move today (GLD +1.6%) bringing the yellow metal within cents of $1,400 per ounce.
- It's been a great run, but Weeden's Michael Purves is advising clients to take profits on a bullish options strategy he drew up just 10 days ago. He notes "considerable resistance" at the $1,410 level, and is "approaching the next leg of this rally with some caution."
- The late-summer move in silver (SLV +4%) is even more impressive and it's returned back to levels seen at the start of May.
- GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
Aug. 16, 2013, 4:25 PM
Aug. 15, 2013, 1:43 PM
- Maybe it's the dive in stocks or maybe word longtime bull John Paulson has turned seller, but gold is on the move, up to $1,361 per ounce - it's highest level since the start of the summer.
- Silver is soaring and has also returned back to mid-June levels at $22.93.
- GLD +2.1%, SLV +5%.
- Related ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI, SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.
- The miners have been moving higher for most of the summer and they're partying again, GDX +4.3% today, +35% from its late-June low. SIL +3.1% today, up 50% since late June.
- Yesterday: Klarman's a buyer.
- Related ETFs: GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING, SLVP, SILJ.
Aug. 12, 2013, 9:28 AM
- Gold and silver mining stocks are trading higher after the SPDR Gold ETF (GLD +2.1%) logs its first increase in holdings since June: HMY +4%, EGO +3.7%, IAG +3.6%, AUY +3.4%, HL +3%, GDX +2.6%, KGC +2.5%, SLW +2.4%, ABX +2.2%, SLV +2%, GFI +2%, NEM +1.7%.
- December Comex gold +2.2% to $1,341.50/oz.
- ETFs: GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING, SIL, SILJ, SLVP.
Aug. 9, 2013, 5:17 PM
Aug. 6, 2013, 3:22 PM
- It's worse for the sliver miners than the gold miners today after Fresnillo (FNLPF.PK -5.6%) reported a 61% decline in H1 profit and investors decide 2.6x book value and a 26.4 PE ratio is too expensive with silver (SLV -0.9%) slipping below $20 per ounce.
- Fresnillo makes up 12% of the Global X Silver Miners ETF (SIL -6.3%) and 5.5% of the iShares MSCI Global Silver Miners ETF (SLVP -3.1%), but isn't a top-weighted stock in the PureFunds ISE Junior Silver ETF (SILJ -6.5%).
Jul. 31, 2013, 3:39 PM
- Down nearly 2% and flirting with falling below $1,300 per ounce, gold bounces to slightly in the green following the FOMC policy statement more concerned with slowing growth, rising interest rates, and slowing inflation than with tapering QE purchases.
- GLD -0.1%, IAU -0.2%.
- Silver reverses course as well.
- SLV +0.6%.
Jul. 22, 2013, 7:58 AMGold extends its now month-long rally, climbing 1.7% and pushing above $1,300/ounce for the first time since mid-June at $1,315. Gold's move has come alongside stocks and bonds (and silver) as the Fed has trotted out a series of officials to assure the taper is not a done deal and any real tightening remains years in the future. GLD +1.7%, SLV +2% premarket. | 9 Comments
SLV vs. ETF Alternatives
The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect, at any given time, the price of silver owned by the iShares Silver Trust at that time, less the iShares Silver Trust's expenses and liabilities.
See more details on sponsor's website
See more details on sponsor's website
Other News & PR