Tag: gld

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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Should I Invest in Gold Using SPDR Gold Trust? – Gold Bullion Pro

Filed in African Gold, Bank Gold, gld, Gold, Indonesian Gold, o, spdr by on January 19, 2011 0 Comments

SPDR gold trust (GLD) is one of the fastest growing gold investment companies that was originally introduced to the NYSE list of stocks in 2004. Now SPDR gold trust stocks are being actively traded at Tokyo, Singapore and Hong Kong …

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Gold Backs Off High, But Overall Uptrend Remains in Place

Filed in comex, gld, Gold, Gold Futures, Gold Market, Gold Prices, o by on January 8, 2011 0 Comments
Gold Backs Off High, But Overall Uptrend Remains in Place

February Comex gold futures prices have backed down from the early-December all-time record high of $1,432.50 an ounce. Profit- taking and position-evening as the year winds down and as the holidays approach has put some downside price pressure on the precious yellow metal, as prices have been trending lower for the past two weeks. However, the gold market bulls still have the overall near-term and longer-term technical advantage. A 4.5-month-old uptrend is still in place on the daily bar chart. The longer-term monthly continuation chart for nearby gold futures shows prices have been trending higher for nearly 10 years. There are no significant early technical clues to suggest that a market top is close at hand for gold. Gold bulls’ next near-term upside technical objective is to produce a close above solid technical resistance at last week’s high of $1,408.90. Bears’ next near-term downside price objective is closing prices below solid technical support at last week’s low of $1,361.60. First resistance is seen at $1,400.00 and then at $1,408.90. Support is seen at Tuesday’s low of $1,384.10 and then at Monday’s low of $1,376.60. Stay tuned! Jim Wyckoff Related articles Peter Brimelow: Gold could have a golden year end (marketwatch.com) Gold: strong nerves and patience of ten men (investmentpostcards.com) Is Gold Getting Precious Again? (GLD, GDX, GDXJ) (247wallst.com)

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2010: The Year Of The Gold Bug – Stock Analysis

Filed in African Gold, Australian Gold, gld, Gold, o by on December 27, 2010 0 Comments

GLD is an ETF that owns physical gold bullion , so its return is directly related to the price movement in gold. Get Free Stock Analysis By Email. IN PICTURES: 5 Tips For Reading A Balance Sheet. A Better Year For Gold Than Gold Stocks …

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Gold Stocks on a Daily, Weekly & Monthly Buy Signal | Gold Current

Filed in Bank Gold, gld, Gold, o, silver by on November 21, 2010 0 Comments

The funds I trade are GLD ( gold bullion ), GDX (gold miner stocks ), SLV (Silver Bullion), XGD.TO (Canadian Gold Stocks ), CEF/A.TO (Canadian Gold & Silver Bullion). If you look at a comparison chart you will see some funds provide much …

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Market Wrap-Up for Oct.26 (COH, NTRS, X, KMB, CMI, IBM, more)

Filed in dividend, gld, Gold Investing, Gold Investment, inflation by on October 26, 2010 0 Comments

Some amazing data came out yesterday, as the Treasury sold $10 billion of five-year Treasury Inflation Protected Securities at a negative yield for the first time. (more…)

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Market Vectors (NYSEArca:GDX), SPDR (NYSEArca:GLD) Soar on Record Gold Prices

Gold prices pulled the entire gold sector up with them today, with Market Vectors Gold Miners ETF (NYSEArca:GDX) and SPDR Gold Trust (NYSEArca:GLD)breaking records themselves. Gold settled Tuesday at $1,340.30 an ounce, skyrocketing by $23.50. Market Vectors rose to an all-time high of $58.83, before closing at $57.25, gaining $1.71, or 3.08 percent on the day. SPDR ended the day at $130.99,

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Do You Recognize This Marxist Country?

Filed in deflation, euro, gld, Spot Gold by on October 4, 2010 0 Comments

Headline on Yahoo! Finance TechTicker: Joe Biden on Taxes: “You Call It ‘Redistribution of Wealth,’ I Call It ‘Just Being Fair.’” Okay, Mr. Vice President. Thanks for clearing that up for me. I see now that the executive office’s position on wealth is that it is not fair for some to have more wealth than others and the fair thing to do then is to redistribute what some people have to others even if it has to be done without their permission. Wow! Was my Kindergarten teacher Ms. Lund wrong. She taught us that that was called stealing. As you can probably imagine, I’m actually quite upset at her right now for not doing a better job of explaining this to us at age 5 since I see now that I have forgone countless opportunities since then to redistribute wealth my way. Better late than never though; my neighbor has a smoking hot 1969 Mustang convertible that has been restored to near mint condition. I on the other hand drive a 2006 Ford Escort. I don’t know how my neighbor obtained such a cherry ride but as you said: redistribution of wealth is just being fair so I’m going to redistribute his car to my garage tonight after he goes to bed. I’d do it during the day but I don’t know if he’s read your article today or not, so he might get upset if he…

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Call Options Rising on SPDR Gold Trust (NYSEArca:GLD)

Quantitative easing by the Federal Reserve is a surety, and in response, an increasing number of call options being taken on SPDR Gold Trust (NYSEArca:GLD). While it’s not certain the exact way the Fed will acquire Treasury bonds, it doesn’t matter, as the result will be the same: the debasing of the American dollar, which will drive up the price of gold. There are many other reasons gold is

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Royal Gold (NASDAQ:RGLD) Declares Fourth Quarter Dividend

Royal Gold, Inc. (NASDAQ:RGLD), which participated in a nice upward move in share price as gold prices shattered another record, had its board of directors declare a quarterly dividend for the fourth quarter of $0.09 a share. Shareholders of record at the close of business on October 1, 2010 will have the dividend payable on October 15, 2010 Those holding exchangeable shares of RG Exchangeco

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With Gold Breaking Out, Is It Time To Buy The Gold Trust ETF GLD?

Filed in commodities, gld, Gold, Gold Investing, Gold Prices, shares, spdr, SPDR Gold Trust by on September 15, 2010 0 Comments

The big fund managers, in all their infinite wisdom, seem to be liking Gold right now. The SPDR Gold Trust ETF (GLD) spiked about 2% on Tuesday on big volume. 26.5 million shares traded compared to the 50-day average of 11 million signifies possibly mo…

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Gold, Silver and Stock Indices Form a Triple Top, What's Next …

Filed in African Gold, gld, Gold by on September 9, 2010 0 Comments

The relationship between the dollar and the precious metals sector is generally inverse, meaning if the dollar rallies both gold and stocks should fall. GLD – Gold Bullion ETF The chart of gold has identical patterns no matter if it’s …

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