SPDR Gold Shares

Gold, oil & 44 Bars per Minute

Gold, oil & 44 Bars per Minute

“Girls love to spin.” — Wayne, Dance Instructor, Howard County Parks and Rec. I’m taking dance classes at the local Parks & Rec. with a stunning brunette, which is why I’m shuffling my feet around on Sunday nights at eight. The crowd is mixed; twenty-something hipster couples and old guys who have difficulty with their gig lines. The instructor is a cross between Wayne Newton and Telly Savalas: a black silk shirt, shaved head, and a nose like an organic potato. He sucks his microphone like a lollipop and spits out a steady stream of advice: “One, two, hook the toe, slide back, twirl…” Chick magnet The chicks love him, of course. And heck, I was even having a good time�— right up until Wayne Savalas swished over during the break. My H1 was in the parking lot. It’s shiny, yellow, and chews diesel like a Mongolian wrestler at a yak roast. Wayne obviously saw me pull up and feels he should enlighten me about his new Chevy Volt getting 60 miles per gallon… And why would I drive something that sucks up so much gas and destroys the environment? I told him that I was fully invested in oil explorers. And with the trouble in the Middle East launching my shares, I could drive a Semi for life… Brent Crude ETF (BNO) Yes, he said, but is this more of a trade on the Arab revolutions, or does it have more to do with the destruction of the dollar? Wayne pointed out that the dollar/euro has hit a four-month low and seems to be heading lower. Down she goes What is most concerning is that during this particular period of global uncertainty, the

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Gold’s Technicals Still Intact

Filed in gld, Gold, shares, silver, spdr, SPDR Gold Shares by on September 30, 2010 0 Comments
Gold’s Technicals Still Intact

So far today, the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted significant technical damage to the Aug-Sept uptrend. To do that, the GLD must break back beneath today’s low at 126.61– and follow through to violate the prior significant pivot low at 125.58. A breach of 125.58 will inflict meaningful damage to the dominant uptrend, which should trigger additional selling pressure that drives the GLD to test and likely break its Aug-Sept up trendline, now at 124.80 within a developing correction of the the two month, 12% advance. Barring a break of today’s initial low intraday low at 126.61, however, the bulls will remain in directional control.

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Adens Sisters: Precious Metals and Resource Currencies

Filed in Bank Gold, commodities, currencies, gld, Gold, silver, SPDR Gold Shares by on September 20, 2010 0 Comments
Adens Sisters: Precious Metals and Resource Currencies

Filed under: Major Movement , International Markets , Newsletters , Mutual Funds , ETF Investing , Commodities “Gold surged to a record high; and it’s not just gold; silver, the other precious metals, and the resource currencies have all been swept up in the bubbling rise,” note resource sector specialists Mary Anne and Pamela Aden . The sisters and co-editors of The Aden Forecast explains, “The gold price is now very strong in a renewed leg up in the bull market by staying above $1240. “Gold’s next target is the $1300-$1350 level. Silver is impressive; its jump up in the last three weeks may be the start of a super rise. Continue reading Adens Sisters: Precious Metals and Resource Currencies Adens Sisters: Precious Metals and Resource Currencies originally appeared on BloggingStocks on Mon, 20 Sep 2010 13:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Gold stocks ride bull wave | 16 September 2010 | www …

Filed in African Gold, Australian Gold, Gold, shares, spdr, SPDR Gold Shares by on September 15, 2010 0 Comments

Looking at gold and gold-related stocks , the biggest, in terms of market value, stands as US-quoted SPDR Gold Shares ETF, the world’s biggest gold bullion exchange traded fund. This has a current market value of $52.3bn, …

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Thrust in Gold

Thrust in Gold

Not sure what specifically triggered the pre-market thrust in gold and in the SPDR Gold Shares (NYSE: GLD), but there are probably 10 fundamental reasons we can come up with, aside from the resumption of the “flight-to-safety” excuse. Right now, every time I think about the reason for a powerful new upleg in gold prices, my mind gravitates to the following thought — that questions about the efficacy of the most powerful governmental institutions on the planet (the Fed and the BOJ) might slowly but surely be eating away at investor confidence that current eco-financial problems can be appropriately dealt with, and remedied. Once CONFIDENCE starts to deteriorate, it will gain momentum rapidly, which will “force” money into gold and out of all types of sovereign paper. At that point, should it emerge, gold will be the main game in town. See our chartwork on the GLD.

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Stockerblog – The Stock Market Blog: Investing in Gold

… works much like a mutual fund except that instead of holding a basket of stocks , they own gold. For example, SPDR Gold Shares (GLD) holds gold bullion and is up over 23% for the year. The five year average annual return is 19.8%. …

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Euro Rally Good for Gold

Euro Rally Good for Gold

The euro rally versus the dollar has really started to gain steam, propelling the euro to retest a major resistance plateau (formerly support) at 1.2880, which if hurdled and sustained will argue for additional strength that next should confront the sharply declining 200 DMA, now at 1.3315. Gold prices and the SPDR Gold Shares (NYSE: GLD) should react positively to upside continuation in EUR/USD.

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Pause, not Reversal, in Flight-to-Safety Trade

Pause, not Reversal, in Flight-to-Safety Trade

What is fascinating about the enclosed daily charts of spot gold and nearby 10-year T-note futures is that both major trends remain very much intact and dominant despite the recent weakness. In fact, the weakness has NOT violated any meaningful prior pivot low — in gold at the May 21 low of 1165.74 and in the T-notes at the June 21 low of 119-24. Purely from a technical perspective, the 6.5% decline in gold and the 1.5% decline in T-notes appear to be “normal, minor” corrections within the larger uptrends. To listen to bond and stock market pundits claim that a mass exodus out of bonds and, to a lesser extent, out of gold will now drive equity prices much higher seems to belie what these charts are telling us — that the flight to safety trade is undergoing a pause that refreshes, rather than a total reversal…at least for now. For that reason we are long the SPDR Gold Shares (NYSE: GLD) and iShares Barclays 20+ Year Treas Bond (NYSE: TLT) in our model portfolio.

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WSJ625Commodities ReportFor Gold Investors Who Want It To Go …

Filed in Bank Gold, Gold, Indonesian Gold, shares, spdr, SPDR Gold Shares by on June 24, 2010 0 Comments

The council already runs the largest gold exchange-traded fund, SPDR Gold Shares, which is backed by bullion but doesn’t let average investors take physical possession of their share. Another firm, Gold Bullion International, …

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Zig-Zagging in Gold & Stocks | Commodities Reporter

Filed in gld, Gold, Indonesian Gold, shares, spdr, SPDR Gold Shares by on June 18, 2010 0 Comments

And Gold Bullion exposure can be had – without fear of contango, if without any gold ownership either – for just 40 basis points with an investment in the SPDR Gold Shares Trust (NYSE Arca: GLD). [Ed.Note: You can cut that to 12 basis …

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The Next Storm on the Horizon – Voice of the People

Zacks’ Voice of the People Highlights user inthemoneystocks: “The Next Storm on the Horizon” from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post The Next Storm on the Horizon Since the May 25th pivot low the stock market has been buying into the potential good news. This week the current administration was on the stump hyping the current job report for the month of May. While they were correct as the government jobs soared and the private sector jobs disappointed badly. The U.S. Dollar Index began to soar around 7:00 am EST this morning telegraphing this worse-than-expected May payroll report. Obviously since the release of the job report news at 8:30 am EST the S&P 500 e-mini futures tanked and are trading lower by 24.00 points to $1080.00 this morning. Those who read the Daily Market Report know that we mentioned this looks like a sell the news type of event, and it was. The Euro currency is trading down to new lows this morning and that is where the problem remains. Simply put there is not anyone that wants to buy Euro currency. More countries are the verge of bankruptcy and ironically many of the states in the U.S. don’t look much better. This morning gold is trading lower by 3.00 points to $1207.00 an ounce. The SPDR Gold Shares ( GLD ) are trading higher by $0.04 cents to $118.00. Crude oil is lower by $1.47 to $73.17 a barrel. The United States Oil Fund ( USO ) is lower by $0.68 to $33.58. As long as the dollar remains strong the market will remain under pressure as stocks deflate. If the dollar declines the market may bounce and inflate. At this stage the dollar remains front and center. The spin masters will be out all weekend trying to paint a rosy picture. Let the dollar do the talking and the talking heads do the walking. About the Zacks Community In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com Zacks Investment Research

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ETF DAILY NEWS » Why Gold Is a Better Bet Than Oil Right Now (GLD …

You see, while oil companies like ExxonMobil were selling off last month, gold stocks and natural gas stocks held steady. I’ve profiled why you should be long natural gas here and here. It was too beaten down to sink any lower during the May … SPDR Gold Shares offer investors an innovative, relatively cost efficient and secure way to access the gold market. SPDR Gold Shares are intended to offer investors a means of participating in the gold bullion market without the …

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