Gold Trust Shares - - SPDR - ETF (NYSEARCA:GLD) -- Bi-Monthly Update
I just completed my weekly study of all my High Profile Basic Materials / Gold - Indices / Mining Companies / ETFs. This is a study that always makes me smile because I have spent so many, many years of gaining experience in the study of Gold and ETFs like (GLD). I love this work and it is why I continue while in retirement.
My objective is to identify the ever-changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This week's commentary on - Gold Trust Shares - - SPDR - ETF (GLD) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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If you are not making money in Gold or the Stock Market, per se, I am sure that I know Why!
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Forecast & Opinion from my Study / Analytics:
Gold Trust Shares - - SPDR - ETF and other Mining Companies are tracking well. Although Gold Trust Shares - - SPDR - ETF is in a strong Pull-Back it is always an excellent contributor to my Analytics.
My Forecast for Gold is not as bright as you may be lead to think by a large number of blogging sources! Hum . . .
My Opinion is to HOLD-CASH in anticipation of a Bottom which at this stage cannot be Forecast for the foreseeable future.
If you own or are considering owning Mining Companies - or - Gold / ETFs, the securities are currently not a pretty picture. Prudent investing just does not support ownership at this time. Gold Trust Shares - - SPDR - ETF is currently very weak Technically and I have reservations about my very weak Fundamental Valuations. I placed it on a Strong Bearish Forecast - "Warning." That was way back in late 2011.
Fundamentals: My Analytics (weighting) for my Fundamental Valuations (of each Mining Company) plays a vital role in profitable managing money. At this time my Valuations of (GLD) are not as positive at perhaps you are being told by other sources. Plainly stated they are Descending.
Technically: My Technical work / analytics is both unique and profitable. The current rally will fade in the near-term, so don't get Greedy! (GLG) is currently selling for $135. It peaked at $180. and so far has fallen to a low of $118. That is a lose of over 30%. I took my Clients out of Gold at the highs way back in late 2011. Have a look at many Mining Companies - the picture is even worst.
I post frequently in my Personal Blog on Gold, Silver, and other Commodities. Please see my URL to visit my blog below.
A Twenty Year Perspective of Gold Trust Shares - - SPDR - ETF (GLD)
It has NOT always been like you are being told by so many who do not take the time to Invest Wisely. Gold Trust Shares - - SPDR - ETF (GLD) has taken some big hits over the years. The entire period of 1980 through 2001 Gold was in a declining posture. That means, you lost money if you held Gold for over 20 years.
URL for (20-years of Gold - Spot Price and a bit less for - (GLD): http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=20&mn=0&dy=0&id=p09298227245&a=310617132
A Rather Unique Chart / Graphic on (GLD):
URL for this representation of - (GLD): http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=1&mn=6&dy=0&id=p22494856116&a=304967599
"Selectivity" is what I preach and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just click - - > https://seekingalpha.com/instablog/121308-steven-bauer/2066602-flash-update-be-selective-ii
Here are a number of the component ETF / Peers in the Gold realm that I focus on rather frequently: GLD, GDX, GDXJ, IAU, GDX, DGL, DZZ, UBG.
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