GLD - SPDR Gold Shares
| Previous Close | 126.48 |
| Open | 127.58 |
| Bid | 126.99 x 4000 |
| Ask | 0.00 x 1300 |
| Day's Range | 126.46 - 127.75 |
| 52 Week Range | 111.06 - 127.75 |
| Volume | 9,685,236 |
| Avg. Volume | 6,614,446 |
| Net Assets | 30.95B |
| NAV | 126.57 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | 4.46% |
| Beta (3Y Monthly) | 0.01 |
| Expense Ratio (net) | 0.40% |
| Inception Date | 2004-11-18 |
- Market Realist•14 hours ago
Why Jeffrey Gundlach Likes Gold
During DoubleLine's investor webcast on June 13, Jeffrey Gundlach said, “I am certainly long gold.” His call on gold is based on his expectation that the US dollar (UUP) will finish lower this year.
- Market Realist•15 hours ago
Gundlach: These Indicators Suggest a Recession
Jeffrey Gundlach believes weakness is evident in US economic indicators, opposing Donald Trump's claims about the US economy.
- MarketWatch•16 hours ago
Charting a bull-flag breakout, S&P 500 knifes toward record territory
Technically speaking, the major U.S. benchmarks have taken flight mid-month, rising amid persistently bullish June price action, writes Michael Ashbaugh.
- Market Realist•17 hours ago
Why Jeffrey Gundlach Thinks the Stock Market Has Peaked
Could there soon be a recession? "Bond king" Jeffrey Gundlach thinks so. He shared his views regarding the Fed, markets, recession, and strategies to hedge against the slowdown during a DoubleLine investor webcast on June 13.
- Market Exclusive•22 hours ago
Market Morning: Trump Immigrant Roundup, Gold Threatens, Google Goes Pharma
Trump Promises Mass Roundup of Millions of Undocumented Immigrants The low-end of the US economy could be on the verge of a serious conflagration. United States President Donald Trump has promised, via tweet as is his wont, that ICE agents will start “removing the millions of illegal aliens who have illicitly found their way into […]The post Market Morning: Trump Immigrant Roundup, Gold Threatens, Google Goes Pharma appeared first on Market Exclusive.
- Zacks•2 days ago
Gold Surges to 14-Month High: ETFs to Tap
Investors could tap the rise in bullion price with the help of gold ETFs.
- Zacks•2 days ago
Gold ETF (GLD) Hits New 52-Week High
This gold ETF hits a new 52-week high. Are more gains in store for this ETF?
- IPO-Edge.com•2 days ago
This Lumber and Gold Ratio Can Tell You Something about Stocks – All Star Charts
It’s always worth watching measures of risk appetite when evaluating equities, and one such gauge recently perked up: the ratio of lumber to gold. That could suggest more upside in stocks more broadly, according to All Star Charts Institutional’s Top 10 Charts of the Week. “In past versions of this report, we've spoken about […]
- Investor's Business Daily•2 days ago
3 Surprising Ways To Profit From Lower Interest Rates
Opportunity lies with low and falling interest rates, says Mark DiOrio of Brookstone Capital Management. You just need to position yourself right.
- Investopedia•5 days ago
Gold Miners Could Reward Long-Suffering Shareholders
Gold miners and the gold futures contract have completed multi-year basing patterns and could break out in coming weeks.
- ETF Trends•5 days ago
Legendary Investor Paul Tudor Jones: Rate Cuts Are Coming
May's market oscillations certainly gave investors a thrilling ride on the volatility roller coaster and this is exactly what hedge fund manager and philanthropist Paul Tudor Jones saw coming as early as last year. Now, Jones has the prescience to forecast rate cuts instituted by the Federal Reserve. The investing prowess of Jones was on display as he was able to forecast May's volatility.
- ETF Trends•5 days ago
Paul Tudor Jones Gives Gold His Vote of Confidence
Gold received a vote of confidence from hedge fund manager and philanthropist Paul Tudor Jones who says that if the commodity can break the $1,400 price barrier, it could reach $1,700 quickly. With trade wars looming coupled with a more dovish central bank, gold is what Jones is eyeing within the next two years. “[Gold] has everything going for it,” said Jones.
- ETF Trends•5 days ago
This Commodity is Not the Apple of China’s Eye Right Now
Apple prices in China are up almost 30%, detracting from its consumption for the commodity, according to the latest data from grocery delivery platform Dada-JD Daojia. This latest development could put ...
- InvestorPlace•6 days ago
Should Investors Buy Barrick Gold Stock?
Gold bullion is up 3.6% year to date through June 11. Barrick Gold (NYSE:GOLD) stock has risen 0.4% in 2019 including dividends.Source: Jeremy Vohwinkle via Flickr (Modified)InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt seems as though demand for gold is getting stronger, both because we're heading into an election cycle with a president who's very unpredictable and because the economic news isn't nearly as strong as it once was, making a July interest rate cut a possibility. "The economy is not tremendously strong, but it's also not that bad," said Chantelle Schieven, head of research at Murenbeeld & Co. "I just feel that a rate cut in July would send the wrong message." * 7 High-Quality Cheap Stocks to Buy With $10 Last week, the weak employment numbers enabled gold bullion to have its best five-day period in a long time. Furthermore, President Trump's unpredictability has businesses confused about their best course of action. "Right now companies can't make any decisions because they don't know what the government is going to do next," Schieven said. "We are not forecasting a recession, but this indecision will send the U.S. economy into a stall."So, let's assume that gold is the smart way to hedge against further difficulties in both the political and economic arenas; should an investor buy gold bullion or a proxy such as the SPDR Gold Trust (NYSEARCA:GLD) ETF or should he or she purchase the stock of a top-notch gold producer such as GOLD stock?Personally, I've never been a fan of gold, so I've got no dog in this hunt. Nonetheless, here's my two cents on the issue. Gold BullionThe great thing about gold bullion is that it's a tangible asset. It enables investors to own something they can hold. But that's not the reason most people buy gold. Most investors who buy gold or a gold equity like GOLD stock are doing so because they think that if all heck breaks loose, gold is one of the few assets that will hold its value.My fellow InvestorPlace columnist, Josh Enomoto, recently recommended seven stocks to buy for the coming recession. Interestingly, although Josh suggested Barrick, he doesn't own GOLD stock. He does, however, own gold bullion. "The spot price for the monetary commodity spiked in late May, to no real surprise. The only shocking thing is that it took so long," Josh wrote in a column published on June 11. "We're mired in a deeply contentious political environment, both here and abroad. Furthermore, the dollar has weakened against a basket of international currencies, setting the stage for a stunning recovery."At this point in the economic cycle, I find it hard to believe that the price of gold is going to fall back below $1,000, where it traded before the recession. Investors are looking for places to hide their money. Gold bullion seems like as good an option as bonds at this point. GOLD StockAssuming that the price of gold is going to keep moving higher, the outlook of Barrick Gold stock should continue to improve. Over the past decade, Barrick's most successful years were 2010 and 2011. Not coincidentally, that was when the price of the yellow metal hit its highest level since 1980. In 2010 and 2011, Barrick had operating margins of 46% and 51%, respectively, on annual revenue well above $10 billion; it hasn't come close to that level of profitability since then. Not surprisingly, GOLD stock price hasn't come close in recent years to its 2011 high around $51. The Bottom Line on GOLD StockIf gold does well over the next 12-24 months, Barrick could benefit from the metal's run.However, history shows that GOLD stock price doesn't always move in tandem with gold prices. For example, between 2007 and 2011, the price of gold surged around 125%, but GOLD stock price only rose about 25%.For this reason, if you think gold is going to go on a run, but don't want to own the physical asset, you might be better served by buying an ETF that holds a basket of gold producers, not just Barrick Gold stock.A rising tide lifts all boats. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Should Investors Buy Barrick Gold Stock? appeared first on InvestorPlace.
- Market Realist•7 days ago
A Perfect Storm for Gold: All Macro Drivers Align
A Perfect Storm for Gold: All Macro Drivers Align(Continued from Prior Part)Fed rate cutsFed policymakers are set to meet on June 18 and 19. Whereas the market has not priced in a rate cut in June, at least two rate cuts are expected by the end
- Zacks•8 days ago
Gold Close to Touching Six-Year High? Leveraged ETFs to Play
How to benefit out of likely uptrend in gold prices with ETFs.
- Zacks•9 days ago
ETFs to Win Despite Shockingly Soft May Jobs Data
May jobs data came in extremely downbeat in the United States. This should help the Fed remain dovish in the coming days and boost these ETFs.
- Investopedia•9 days ago
Gold Completes 6-Year Basing Pattern
Gold has completed a six-year basing pattern above $1,300 and could break out, entering the first major uptrend since 2011.
- ETF Trends•9 days ago
More Upside Expected For Gold ETFs
While stocks rebounded last week, gold and the related exchange traded funds continued soaring with the SPDR Gold Shares (GLD) and SPDR Gold MiniShares (GLDM) gaining more than 3% apiece. GLD, the world's largest gold ETF, is up nearly 4% since the start of June. Against the current backdrop of the U.S. trade war with China, the fear and uncertainty that accompany the rampant volatility, and the worst May selloff for stocks in 50 years now, gold prices will continue to rise this year, according to one financial executive.
- Market Realist•12 days ago
Druckenmiller Suggests These Two Trades to Hedge against Meltdown
Why Stanley Druckenmiller Is Concerned about US Economy(Continued from Prior Part)Future direction of financial marketsAs far as the future direction of the financial markets is concerned, billionaire investor Stanley Druckenmiller is not so sure.
- Schaeffer's Investment Research•12 days ago
Options Traders React to Red-Hot Gold ETF
GLD options are seeing heavy trading today
- Market Realist•12 days ago
Weaker Jobs Reports Raises Odds of Fed Rate Cuts, Gold Rises
Why Disappointing US Jobs Report Lit Up a Fire Under Stocks?(Continued from Prior Part)Gold catches a bidGold has caught a bid in the last few days after being lukewarm for most of this year. Weaker US economic reports and escalating trade tensions
- MarketWatch•12 days ago
Gold's gains are built on a shaky foundation
Gold’s rally is built on a shaky sentiment foundation. To be sure, the rally in gold (GC00) has certainly been impressive. The reason to nevertheless question the rally’s staying power is the absence of widespread bearishness when the move began.
- Barrons.com•12 days ago
Gold Looks Headed Toward a New High
Gold has moved higher for the year, after stalling just below the $1,300-an-ounce mark for weeks. “Gold does well in a period of dollar weakness, inflation, and economic uncertainty,” says Peter Schiff, chief global strategist for Euro Pacific Capital, a division of Alliance Global Partners. Gold prices were held back by expectations that the Federal Reserve’s monetary tightening cycle would continue for years, argues Schiff.
- MarketWatch•12 days ago
China has 'tremendous' room to adjust monetary policy if trade war deepens, PBOC head says: report
China has "tremendous" room to adjust monetary policy if the trade war with the U.S. deepens, People's Bank of China Governor Yi Gang said Friday, in an interview with Bloomberg. "We have plenty of room in interest rates, we have plenty of room in required reserve ratio rate, and also for the fiscal, monetary policy tool kit, I think the room for adjustment is tremendous," Yi said, according to the news outlet. He said he expected a "productive talk, as always," when he meets with Treasury Secretary Steven Mnuchin on the sidelines of the G-20 finance ministers meeting, but that the risk of a trade war remains "uncertain and difficult." The more actively traded offshore yuan fell about 2.5% in May before some stabilization in recent sessions amid indications officials would help to stem a rapid selloff. The yuan dropped to more than 6.96 per dollar at one point Friday, the weakest intraday level since November.
