|Bid||137.45 x 3200|
|Ask||137.77 x 2900|
|Day's Range||137.40 - 137.83|
|52 Week Range||116.58 - 146.82|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||13.47%|
|Beta (3Y Monthly)||-0.04|
|Expense Ratio (net)||0.40%|
U.S. Money Reserve CEO Angela Roberts By John Jannarone As CEO of U.S. Money Reserve, Angela Roberts believes she has a responsibility to positively influence the professional and personal lives of employees at every level, a lesson she learned many years ago from a mentor at a previous company. She spoke to CorpGov about her […]
The Cboe Volatility Index is widely used as an indicator of measuring the ebbs and flows of volatility in the markets. iShares Gold Trust (IAU) : seeks to reflect generally the performance of the price of gold and the performance before payment of the Trust’s expenses and liabilities. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Weak manufacturing data helped to keep gold prices steady in Monday’s trading session following last week’s Thanksgiving holiday. As U.S. equities were reaching highs in major indexes like the S&P 500 and Nasdaq Composite, gold prices were feeling downward pressure from a renewed risk-on investor sentiment. ISM Manufacturing data released on Monday showed that manufacturing activity lagged in the month of November following a decline in inventories and new orders.
So Much For A Christmas China Trade Deal The signing of the Hong Kong Human Rights and Democracy Act of 2019 had already put the prospects of a US trade deal with China in jeopardy, and now it seems that the chances of a deal by the end of the year have been completely scuttled. […]The post Market Morning: Trade Deal Scuttled, French Cheese Wars, Gronk Picks CBD over NFL appeared first on Market Exclusive.
Spot gold was unchanged at $1,462.58 per ounce by 0803 GMT. U.S. gold futures fell 0.1% to $1,468.20. Trump on Monday announced tariffs on U.S. steel and aluminium imports from Brazil and Argentina "effective immediately", opening new fronts in his trade war.
All that glitters in the market hasn't included gold stocks in recent weeks. But following a pullback, is the SPDR Gold Shares (NYSEARCA:GLD) ready to give seasonal cheer and profits for GLD investors? Let's take a look at what gold bugs and gold bears are saying, and more importantly, what the price chart is telling opportunistic traders in today's market.Source: Shutterstock It wasn't long ago when gold bugs and the momentum crowd were getting decidedly upbeat on gold stocks. Along with the precious metal, shares of the ETF rallied to six-year highs by early August as part of a sizzling summer-long rally. At the commodity's peak a month later, GLD delivered a stunning 22% return in just over three months. * 7 Entertainment Stocks to Buy to Escape Holiday Blues The determined price action in gold stocks was certainly headline-worthy. And for a short while it was veritable financial news as GLD's performance eclipsed a still-glittering broad-based rally in equities. The buying pressure in gold stocks wasn't for naught either.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGrowing concerns over the U.S.-China trade war, indications of a weakening global economy, and supportive interest rate cuts by several central banks backed the rally in gold stocks. Just when the party appeared to be getting started, like clockwork a top was formed in GLD.Now gold stocks' drivers quieted or altogether discarded the commodity off by 7%. Even greater bearish shock tactics are causing a ruckus among gold bugs.On the eve of Thanksgiving Zacks' Kevin Cook was spied cutting into the hearts of the hard asset's bulls. According to the article gold is headed to zero. Yes, $0.00. The forecast is tied to the eventual interstellar mining of metals-rich asteroid Psyche. Moreover, at its core the article is a fanciful piece of bait which drew more than 300 reactions.The impressive and vocal interest from gold traders is more than you'd find in a hotly-contested article of battleground stocks such as Tesla (NASDAQ:TSLA), Roku (NASDAQ:ROKU) or Netflix (NASDAQ:NFLX). In my opinion the article achieved its real objective. And rather than get mad, even-keeled investors should be mindful of the GLD price chart and a gift-wrapped long readying for delivery this holiday season. GLD Stock Monthly ChartSource: Charts by TradingView Aside from capturing a market-beating return at GLD's recent high, the price action is also technically significant for a larger bullish move to develop in 2020. The rally broke above key lateral resistance to form a higher-high pattern which tested the 50% retracement level from gold's 2011 high to 2016 low. As much, investors should monitor today's weakness in gold stocks as a counter-trend opportunity to purchase. My advice is to watch gold stocks for a low to form on the monthly chart. With November just completed, one long strategy now in play is to buy shares above the November high. As long as the prior month's low remains intact, this reversal entry will have price confirmation once the three-month consolidation is complete.Should a rally trigger a long in GLD the 62% retracement level is a logical spot to lock in partial gains. But a bullish move similar to this summer's price action could reasonably take GLD towards $170 - $175 and ever closer to a massive breakout in the commodity.Alternatively, with the monthly stochastics indicator in a riskier overbought position, the possibility for gold stocks to provide a lower counter-trend entry closer to technical support is increased.Trend and Fibonacci supports tied to the September 2018 low come into play in the area from $129 - $133. Here too, confirmation for buying into GLD is important. As important, setting a stop beneath any future pattern bottoms makes sense so today's investors can avoid becoming gold bugs during less favorable times.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Things to Watch for into 2020 for Safer Income & Growth * 7 Entertainment Stocks to Buy to Escape Holiday Blues * 5 "Strong Buy" Biotech Stocks With More Than 80% Upside The post Gold Stocks and GLD Will Glitter Again appeared first on InvestorPlace.
The SPDR Gold Shares (GLD) , the largest gold ETF, and competing gold ETFs have recently come under pressure as riskier assets, namely stocks, have rallied. Gold ETFs previously rallied amid increased expectations of a U.S. rate cut, even as some investors locked in profits from bullion’s recent rally. Gold is believed by many investors to be inversely correlated with interest rates.
While most were preparing for Thanksgiving dinner on Thursday, palladium investors were feasting off gains as the precious metal reached $1,841. Analysts are already predicting that the precious metal ...
Bullish gold traders didn’t get the news they wanted when the most recent Federal Reserve minutes revealed that more rate cuts may not be on the horizon, which could feed into lower gold prices. Last month, the central bank instituted its third straight rate cut by 25 basis points—a reversal from last year’s four straight rate hikes. “Federal Reserve officials generally agreed that they likely won’t need to cut interest rates again unless economic conditions change significantly, according to minutes released Wednesday from their most recent meeting,” noted a CNBC report discussing the Fed’s most recent minutes in which it cut rates by a quarter point last month.
The biggest gold-backed ETF, SPDR Gold Shares (NYSEArca: GLD), and rival gold funds have recently retreated as investors have flocked toward riskier assets, such as equities, but the case for owning bullion ...
As has been widely noted, falling interest in the U.S. and in other developed markets have been among the primary catalysts driving gold and the related ETFs higher this year. “Lower global growth expectations, a prolonged trade dispute between the US and China, and an inversion of the yield curve have shifted the positive interest rate trajectory 180 degrees,” State Street said.
Joe Cavatoni, World Gold Council Managing Director, USA and ETFs, joins Yahoo Finance's On The Move to discuss what's driving long-term trends in gold prices and what we can expect in 2020.