|Bid||0.00 x 1000|
|Ask||0.00 x 2200|
|Day's Range||124.18 - 125.00|
|52 Week Range||111.06 - 129.47|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.02|
|Expense Ratio (net)||0.40%|
Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross
To receive further updates on this SPDR Gold Shares (NYSEARCA:GLD) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Maximum Options today.This morning I am recommending a bullish trade on SPDR Gold Shares (NYSEARCA:GLD). I've recommended trades on GLD when the economy looks like it is struggling before, and I think now is another good chance for traders to look to precious metals and commodities.Many economies across Europe and Asia are on the decline. The economy in the United States is still prospering, but eventually the situation for the broader world economy is going to begin to weigh on the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GLD Benefits from Fear About Global GrowthWhenever the economy stalls, commodities like gold are a good place for investors to turn. As the value of currencies falls-like the U.S. dollar-the price of gold and other precious metals usually goes up.With continued concerns about U.S.-China trade and slowing earnings growth, my outlook is cautious. The U.S. dollar stalled last week on concerns about trade and another potential government shutdown. Global growth is lean, and a shutdown would only add to the concerns investors have after the European Commission downgraded its economic forecast for the European Union economy.The European Commission decreased its expected growth rate from 1.9% to a rate of only 1.3%. The outlook for Italy was particularly worrisome, as the 2019 expected growth rate was slashed an entire percentage point -- from 1.2% to just 0.2%.My personal projection is that the EU will fall into a recession sometime this year, if it isn't in one already. At a time of global recession, precious metals are a good place for investors to seek safety. Upward ChannelGLD started to rally in early December, and it has been in a well-defined upward channel since. The stock hit some resistance at the $125 level, and dropped below $123. The $123 level has acted as both support and resistance for GLD in the past, and if it can rise above $123 this week, GLD could continue rising.Daily Chart of SPDR Gold Shares (GLD) -- Chart Source: TradingViewThis morning's recommendation is a cheap way to add precious metals to our portfolio, and the recent downturn in GLD gives us a great entry point before it heads higher.Using a spread order, buy to open 1 GLD March 22nd $125 call and sell to open 2 GLD March 22nd $128 calls for a net debit of about $0.20. Note: There are several March expirations available for GLD options. Be sure you are opening the weekly options that expire on Friday, March 22, 2019.A ratio debit spread is simply a way to lower the cost of buying options, as the two options that you sell to open (short) help offset the cost of the option that you buy to open. Therefore, this ratio call debit spread is a way to lower the cost of establishing a bullish call option trade. Many brokers will require the use of margin and/or a set amount of reserved capital to execute a ratio debit spread; contact your broker directly for specific requirements.Because you are short a naked call in this ratio call debit spread, one risk is that the underlying stock could unexpectedly move up sharply. If that happens, we would need to buy back to cover and close the naked call option for a loss.The other risk due to the naked call is if the stock moves up sharply the call could be assigned. This means that for every 1 call option we sold to open (shorted), we would need to buy 100 GLD shares on the open market at an unknown higher price and then sell the shares at the $128 strike price for a loss. So, this is inherently a higher risk play. Keep your positions small.Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.Compare Brokers The post Now is the Time to Take a Position in GLD appeared first on InvestorPlace.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Critical asset reviewAfter the announcement of the merger, Barrick Gold (GOLD) and Randgold Resources stressed that the merger is a step towards improving shareholder
While accessories, dresses, gadgets and flowers are popular gifts for this day, gifting an ETF could be a great idea for money is honey, after all!
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ forecasts Analysts estimates for gold miners’ (GDX) revenues can give us a good idea about their gold price (GLD) outlooks as well as their
Digging into Gold Miners' Performances ahead of Their Q4 ResultsGold versus gold mining companies Gold’s price has risen 2.2% YTD (year-to-date) after falling ~1.9% in 2018. Gold (GLD) saw its fourth consecutive positive monthly return in
Do These Factors Point to a Strong Start for Gold in 2019?(Continued from Prior Part)Central bank buyingWe discussed in the previous article that central bank buying supported gold demand (GLD) in 2018. In this article, we’ll see if this can drive
Gold futures post a second straight session decline on Monday, in part as a leading dollar index gains, though bullish analysts consider the action simply a pause in gold’s recent climb.
Do These Factors Point to a Strong Start for Gold in 2019?Gold’s fourth positive monthGold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% after December’s rise of 4.9%. The major driver of gold’s
Gold futures decline on Friday following a key reading of U.S. jobs that came in better than expected and data that revealed a monthly rebound in the ISM manufacturing index.
Secretary of State Mike Pompeo will announce on Friday that the U.S. is suspending compliance with the Intermediate-Range Nuclear Forces (INF) treaty that dates to the ending of the Cold War after discussions with Russia to save the pact have failed, NBC News reported, citing three administration officials familiar with the plans. Other major news outlets have reported the expected announcement as well. Defense analysts have expressed concern that ending the treaty could set off a new arms race. Kremlin spokesman Dmitry Peskov told reporters Friday it anticipates "with much regret" getting official notification of the U.S. move in the next few days, CBS reported. He charged that Washington has been "unwilling to hold any substantial talks" with Moscow to keep the treaty in force. The INF was negotiated by former President Ronald Reagan and Soviet Union leader Mikhail Gorbachev in 1987, and bans the U.S. and Russia from stationing short- and intermediate-range, land-based nuclear missiles in Europe. President Trump announced in October that the U.S. would withdraw from the treaty due to violations by Moscow.
Gold futures settle higher on Thursday, tallying a fourth straight month gain, after the Federal Reserve left interest-rates unchanged and employed language hinting at a momentary pause in monetary tightening — a bullish development for bullion prices.
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)AngloGold Ashanti’s rerating potentialSouth African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX), primarily due to South
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)Gold miners’ leveraged performancesGold miners are usually a leveraged play on gold prices. Even in 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold Miners
As Fed officials intimated and economists predicted, the Federal Open Markets Committee unanimously voted Wednesday to maintain interest rates between 2.25 percent and 2.5 percent. After four rate raises in 2018, the Fed reiterated a new policy of “patience” as it awaits clarity on how slowing global growth and market volatility affect domestic outlook. “The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes,” the statement read.
Commodity traders and other aficionados will be watching gold closely after Wednesday's Federal Reserve interest rate decision to see if the yellow metal can add to impressive gains that have stretched nearly 12% since August 2018. This buying impulse has now reached within four points of major resistance in place since 2013, with a breakout setting off the most potent buying signals since the start of the decade. Gold bugs have the Trump administration to thank for the uptrend, with the president's relentless attacks on Fed Chairman Jerome Powell forcing the central banker to reconsider an aggressive fiscal policy that initially scheduled at least four 2019 hikes.
Technically speaking, the big three U.S. benchmarks have stabilized in recent weeks as the fourth-quarter volatility spike fades, writes Michael Ashbaugh. Against this backdrop, the S&P 500 is traversing an increasingly familiar range.
Why Analysts' Sentiments Are Turning Positive on IAMGOLDAnalysts’ ratings for IAGAnalysts’ sentiments toward IAMGOLD (IAG) have been changing for the better in the past few months. Currently, the stock has “buy” recommendations from 83% of