|Bid||133.80 x 900|
|Ask||133.81 x 1800|
|Day's Range||133.73 - 134.93|
|52 Week Range||111.06 - 136.63|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.02|
|Expense Ratio (net)||0.40%|
Orange Hair Populism Crosses The Pond As Boris Johnson Wins Tory Race As expected, Boris Johnson, the long-time front runner in the race for the leadership of the United Kingdom’s Conservative Party, has now won that race officially. He is now the Tory leader, and slated to become the next Prime Minister of the UK, […]The post Market Morning: Boris Johnson Wins, Harris Moves to Decriminalize, Government Spending Explodes appeared first on Market Exclusive.
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 37.5% in the past three years, while the SPDR Gold Trust (NYSE: GLD) has significantly lagged, gaining just 5.7% in that time. Gold outperformed in the 1970s after President Richard Nixon took the U.S. off the gold standard. From 2008 to 2010, gold prices gained just 10%.
As the global central banks try to enact policy changes that would benefit their own currencies, investors may consider gold and related ETFs to better safeguard their wealth. Deutsche Bank AG argued that gold could stand out if U.S. foreign-exchange policy fuels a global currency conflict, Bloomberg reports. Traders fear the possibility of U.S. foreign exchange intervention after President Donald Trump censored China and Europe for playing a "big currency manipulation game." Meanwhile, the U.S. is moving toward weakening its dollar currency, which could be a trigger for other foreign governments to follow suit, sparking a "true currency war" that would involve the yuan and euro, according to Deutsche Bank strategist Alan Ruskin.
Ray Dalio mentioned in a LinkedIn post on Wednesday that it's important for investors to explore the market paradigm in which they're currently operating.
The price of gold, as measured by the popular SPDR Gold ETF (NYSEARCA:GLD), is higher by around 10% year-to-date. While this is a welcomed move for fans of gold, it has also been a long time coming. Many traders and investors alike, however, have yet to get on this new bullish trend in the precious metal. And I think the GLD ETF can still climb plenty higher.Source: Shutterstock When I last voiced my take on the GLD ETF on June 19 I offered the following bullish take: "investors and traders with a time horizon of a few months/quarters could look to buy the GLD ETF here in the mid-to-high $120's with a next upside profit target at $140 and a stop loss at $120." Since then, GLD has rallied about 5% and is currently testing its late June highs.Before looking at the charts, let me point out that in my experience gold or the GLD ETF is no easy asset to time from a trading perspective. Case in point? The past six years or so where GLD has traded in a choppy fashion in multiple time horizons. The good news, however, when gold begins a new major trend (which I think it may have already begun earlier this year), this asset can really move.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monthly Dividend Stocks to Buy to Pay the Bills GLD ETF Charts Click to EnlargeFor some perspective, let us review the multi-year chart with weekly increments. Here we see that GLD, over the past six years, has traced out a clearly visible bullish rounding bottom pattern (blue annotations). We also see that over this time span, the GLD ETF had numerous failed attempts to break above the upper end of said pattern, around the $130 mark.However, in mid June, this former technical resistance level has finally been overcome and the more GLD can base above the $130 area, thus turning resistance into support, the better for a continued move higher. Click to EnlargeOn the daily chart, we see the June 2019 breakout above $130 more clearly. We also see that over the past few weeks, the GLD ETF has largely been basing, i.e., consolidating the rally that began in May. All of this is constructive for further bullish price action and according to my sources, more momentum investors and trend followers are now waking up to this bullish trend.On Wednesday, July 17, the GLD ETF made another bullish push and has marginally broken out of this multi-week consolidation pattern. While I might think gold is a notoriously challenging asset to time in the very near term, this move is constructive for the bulls.I still think GLD can be bought here around the low- to mid-$130's, with the next upside target around $140. Ultimately, looking toward the coming months and quarters, I think the GLD ETF can reach $150, albeit not in a straight line. Any strong bearish reversal, particularly one that holds on a monthly closing basis would be a stop loss on bullish trading positions.Remember, one can always get back in.Get FREE ACCESS to Serge's renowned Stock Market Scanner with actionable trade ideas. Get it HERE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Trade of the Day: The Bull Train In the GLD ETF Is Just Getting Started appeared first on InvestorPlace.
Guru believes the current environment is unsustainable and there will be a paradigm shift where gold will be one of the few things that does well Continue reading...
U.S. stock indices were again quiet on Wednesday, as we begin to chip away at the tip of the earnings iceberg. We're mostly delving through the banks right now, but will have tech and other industries beginning soon. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: Tesla Click to EnlargeTesla (NASDAQ:TSLA) stock has been moving favorably, working on its seventh straight week of gains. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's getting into a very key area though, the $250 to $260 zone. This was prior range support for years, buoying Tesla stock on each test. Back in May, the stock plunged below this mark, rebounded the next week and failed to reclaim it. * 4 Retail Stocks to Buy in Time for the Back-to-School Rush This is all shown via the purple arrow on the chart and shows when an area shifts from support to resistance. Now back in this area, it's vital for TSLA stock to reclaim this range level in order to keep the rally alive. Those who bought Tesla sub-$200 as a trade may consider booking some profits here. Should shares push through, look for a rally up to the 200-week moving average, currently at $273. On a pullback, see that the 10-week holds as support. I wouldn't want to see Tesla below $240. Top Stock Trades for Tomorrow 2: Abbott Labs Click to EnlargeAbbott Labs (NYSE:ABT) hit new highs after the company reported earnings. However, the stock is not moving as robustly as one might have expected. I want to see ABT stock hold $85 on the downside and see if it can push up to channel resistance on the upside. Top Stock Trades for Tomorrow 3: Gold Click to EnlargeThe move has been years in the making, but the SPDR Gold ETF (NYSEARCA:GLD) is starting to make some waves. The iShares Silver Trust ETF (NYSEARCA:SLV) has been trading well too, but isn't putting together the kind of chart GLD is. Above is a long-term weekly chart. With GLD over the $128 to $130 area, it's in breakout mode. While shares are putting in a nice bull flag setup after a huge burst higher in June, we absolutely need to see prior resistance hold as support. A rate cut should help fuel a rally for gold, although the market is surely starting to price in such an event. Over $135.55 sends GLD even higher. A pullback to $130 or the 10-day moving average that holds as support may be a buy-the-dip opportunity. Top Stock Trades for Tomorrow 4: Invitae Click to EnlargeShares of Invitae (NASDAQ:NVTA) took off Wednesday, rallying up toward $24 at one point in the day. Citron Research said it had a position in the name and is using a $100 price target. We've been telling InvestorPlace readers for months that we love this name. Today's action came with perfect timing. On Twitter on Tuesday, we pointed out that NVTA stock broke below the 20-day moving average, but reclaimed this mark by the close. That was very constructive action, while Wednesday's action has been downright impressive. The action is similar to what we saw last month, where shares broke below the 20-day, reclaimed it in the same session, then went on a monster run over the next few days. I'm not sure that history repeats, but investors are hopeful that it will. Let's see if NVTA can push through $24 to $24.50. If it can, $26+ could be in the cards. Top Stock Trades for Tomorrow 5: Teva Pharmaceutical Click to EnlargeShares of Teva Pharmaceutical (NYSE:TEVA) are taking it on the chin. The stock is down 11% in just three days and more than 20% from its highs earlier this month. * 8 Penny Stocks That Have Fallen From Grace The stock hit new 52-week lows on the move and is threatening to fall below $8 support. Longs with a strong stomach can play against Wednesday's lows, but Teva has not been a great one to own. A break below $8 could accelerate the selling pressure. A rally could bring Teva back up to its 20-day moving average. Above that and $10 is possible. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVTA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 5 Top Stock Trades for Thursday: TSLA, GLD, ABT appeared first on InvestorPlace.
Ray Dalio, the founder and CEO of Bridgewater, the world’s largest hedge fund company by assets under management, sees gold as a key asset as central banks get more hawkish with policies that devalue currencies and are likely to cause a “paradigm shift” in investing. The Bridgewater CEO believes that investors have been driven into stocks and other assets that have equity-like returns. As a result, too many people are allocated into these types of securities and are therefore likely to face diminishing returns.
Australia-based Perth Mint displayed a giant one-ton gold coin in front of New York Stock Exchange to promote Australian gold and its government-backed gold ETF AAAU.
Researchers have found this ratio has a better track record for predicting the stock market’s direction than many of the more widely known valuation metrics.
While stocks are selling off today following two days of fresh all-time highs, after President Trump issued words of caution on China trade talks, gold and silver may be prepping for a bigger tick up. ...
Gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM) and SPDR Gold Shares (NYSEArca: GLD), were widely embraced by investors seeking safe assets last month. “Holdings in global gold-backed ETFs ...
If you're interested in investing in several stocks related to a specific theme or thesis about where the market is headed but don't have the time to cherry-pick stocks and pile them into a unique portfolio yourself, then exchange-traded funds offer an ideal solution. Each ETF follows a grouping of stocks related to a specific concept, and, therefore, removes much of the pressure from investors to make superb tactical decisions.That's not to say, however, that all ETFs are created equal. And here at InvestorPlace, we had several of our experts choose what they think might be the best ETFs for 2019.So far, the race for first place in InvestorPlace's Best ETFs of 2019 contest has been fairly tight with three core themes battling it out for supremacy: Vince Martin's home construction play, James Brumley's water focused fund and my own 5G real estate pick have all been at the top of the heap for most of the first half of 2019. On the other hand, some of the other themes, such as emerging markets, have had a much more difficult time rising to the top thanks to trade war headlines and other concerns.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut whatever the case may be, there's still plenty of time for any of the downtrodden ETFs on this list to make it to the top and there's always a chance that one of the main contenders could see a dramatic fall by the end of 2019. * 10 Best Stocks for 2019: A Volatile First Half With all of that said, here are InvestorPlace's best ETFs of 2019, in ascending order of year-to-date gains through the end of June. iShares U.S. Healthcare Providers ETF (IHF)Investor: Todd Shriber Expense Ratio: 0.43%, or $43 annually per $10,000 invested Year-to-Date Gains Through Q2: 3%Todd Shriber based his pick for the contest, the iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF), on the idea that the healthcare sector would continue its 2018 bullishness -- it was the S&P 500's highest performing sector last year. And while the thesis behind his selection was sound, the perceived political boost it would get this year from a Democrat-dominated House of Representatives has actually turned into a roadblock.In Shriber's words, "the fact that so many of the Democrat contenders for that party's 2020 presidential nomination favor Medicare For All has been a significant drag on IHF." A big part of this drag on IHF has to do with UnitedHealth (NYSE:UNH), which is one of IHF's largest holding allocations: "The impact of Medicare For All speculation has been palpable, particularly for UnitedHealth," Shriber wrote.While the case for IHF isn't closed completely yet, Shriber recommends monitoring the action in UNH as an indicator for where the fund might go in the near term.Read more about the IHF ETF from Shriber here. iShares Mexico MSCI ETF (EWW)Investor: Ian Bezek Expense Ratio: 0.47% YTD Gains: 5%The primary idea behind Ian Bezek's selection for the contest -- the iShares MSCI Mexico Capped ETF(NYSEARCA:EWW) -- is that while Mexican stocks took a hit in 2018, as trade relations between the U.S. and Mexico improve, so too will the stocks, which comprise EWW's holdings.And so far, things have indeed begun to cheer up for this Mexican stocks ETF. "With the tariff issue out of the way, the skies are looking brighter for Mexico-U.S. relations, and thus EWW, for the second half of 2019," Bezek wrote. "[I]nvestors in EWW and other Mexican assets should be reassured to know that … [d]espite the change in government, which led to a great deal of concern last year, economic numbers have been acceptable." * 10 Stocks to Buy on College Students' Radars While Bezek asserts that the road to the top won't be easy (if at all possible), he's confident that there is still some upside potential left in EWW and Mexican stocks this year … along with the inevitable possibility for continued volatility.Read more about the EWW ETF from Bezek here. iShares Emerging Markets ETF (IEMG)Investor: Jim Woods Expense Ratio: 0.14% YTD Gains: 9%Although Jim Woods' pick, the iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG), had a rough run at the start of 2019 amid trade war headlines and other economic concerns, there is still some hope left for the emerging markets fund.As Woods points out: "[W]ith the trade situation now back in "truce" mode, and with the Fed now likely to begin rate cuts that should bring down the value of the dollar vs. rival foreign currencies, we could be looking at an extension of the June gains for emerging markets."Woods is confident that although IEMG still retains its unavoidable speculative tune -- all emerging markets themes are prone to unpredictability and volatility -- there are strong signs that the ETF could make a run for the top place at the end of this year if trade conditions between the U.S. and China continue to improve.Read more about the IEMG ETF from Woods here. iShares MSCI Emerging Markets ETF (EEM)Investor: Readers' Choice Expense Ratio: 0.67% YTD Gains: 10%Next up is our Reader's Choice for the best ETF of 2019: iShares MSCI Emerging Markets ETF (NYSEARCA:EEM). Somewhat similar to Woods' IEMG selection, the primary thesis behind this pick was likely the easing of tensions between China and the U.S. The relationship between the two countries got uglier in 2018, which sent many Chinese stocks down the gutter, along with the general stalling of the Chinese economy.Although "trade negotiations between the two nations [have been] constantly ping-ponging from seemingly positive to negative throughout the first half of 2019," the longer-term case behind EEM still holds weight. Given that "29% of the ETF's portfolio is comprised of Chinese stocks, with the remaining big-time allocations based in South Korea (12%), Taiwan (11.7%) and India (9.4%)" it's possible that if the trade war comes to an end or, at the very least, if the dynamic between the U.S. and China improves, then EEM could start to rise even higher. * 7 Retail Stocks to Buy for the Second Half of 2019 While it's too soon to determine if it can make a strong comeback this year, EEM still might be a solid choice for investors with a longer-term perspective.Read more about the EEM ETF here. Best ETFs for 2019: SPDR Gold Trust (GLD)Investor: Kent Thune Expense Ratio: 0.40% YTD Gains: 10%Originally at the No. 10 spot to end Q1, Kent Thune's pick, the SPDR Gold Trust (NYSEARCA:GLD), has managed to make solid progress at the half way mark of 2019. Now in the No. 6 spot, Thune expects GLD to continue its success as the year comes to an end."In the first half of 2019, investors were rewarded for taking market risk. But the second half could be a completely different story," Thune wrote. "If Q2 2019 is any indication, gold has the momentum as GLD was up 9% and the SPDR S&P 500 (NYSEARCA:SPY) was up 3% for the quarter, coming into the final week of June."As Thune explains, investors are demonstrating general positivity in the markets, while gold hoarders see things differently, making both gold and stocks seem strong right now. But given that gold is considered a reliable safe haven in difficult times, we can expect the GLD ETF to rise higher if markets do indeed take an ugly turn at the end of the year.Read more about the GLD ETF from Thune here. Financial Select Sector SPDR Fund (XLF)Investor: Dana Blankenhorn Expense Ratio: 0.13% YTD Gains: 16%So far this year, the Financial Sector Spider ETF (NYSEARCA:XLF) -- Dana Blankenhorn's pick for the best ETFs of 2019 contest -- has been a solid performer. While the bank ETF might not have made it to the No. 1 spot yet, Blankenhorn is content with the fund's success so far and expects more good things to come as the year goes by."Hope for a comeback lies in consolidation," Blankenhorn wrote. "It all comes down to a new sobering reality. Banks are about to become the new stock market casino. But casinos make good money." * The 7 Best Long-Term Stocks to Buy for 2019 and Beyond While Blankenhorn acknowledges that some bank stocks face growing pains as they struggle to come to terms with general developments in technology and the new ways we spend/handle money, a part of this necessary growth will be acquisitions, which in turn, will lead to speculation of more takeovers. As such, Blankenhorn believes it's only a matter of time before the growing hype in bank stocks will make XLF owners a lot more money.Read more about the XLF ETF from Blankenhorn here. Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)Investor: Tom Taulli Expense Ratio: 0.68% YTD Gains: 24%The ride for the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) -- Tom Taulli's selection for best ETF in 2019 -- hasn't gone as smooth as anticipated. But regardless of a few roadblocks, the AI/Robotics ETF is still up more than 20% YTD and the high-tech theme still holds plenty of long-term promise.While pointing out some of the headwinds BOTZ has faced this year, such as "disrupted global supply chains" thanks to the trade war between China and the U.S. and increasing challenges in "introducing new products," Taulli maintains that he's still optimistic about BOTZ."I'm still bullish on AI/Robotics. These technologies are likely to lead to leaps in progress across many industries. For example, IDC predicts that spending on AI will jump from $24 billion in 2018 to $77.6 billion by 2022 and the spending on robotics/drones will go from $115.7 billion to $210.3 billion," he wrote. "[W]hile the BOTZ ETF might not win the best ETFs competition, I still wouldn't call it a complete loser despite its disappointments."Read more about the BOTZ ETF from Taulli here. Invesco Water Resources ETF (PHO)Source: Shutterstock Investor: James Brumley Expense Ratio: 0.62% YTD Gains: 26%According to James Brumley, water is "the trade no one saw coming."So far, his pick, the Invesco Water Resources ETF (NASDAQ:PHO), has been a top performer among the other ETFs in this contest. Up 26% since the end of June, the concept behind this fund is that as America strives to improve its water infrastructure amid a constant decrease in water quality, its holdings will see a boost.In Brumley's words: "Some the country's biggest and most-established cities … are running out of water as natural, treatable sources of it are literally and figuratively drying up," which has led to an estimated $1 trillion worth needed to help solve the problem over the next couple of decades. And many of PHO's holdings will be the companies that "are well-positioned to capture more than their fair share of that spending." * 10 Best Stocks for 2019: A Volatile First Half Although it took some time for PHO to start flowing well into the green (Brumley picked PHO for last year's best ETFs contest but it didn't win), it now has a clear shot to be one of the best ETFs to buy this year. And in Brumley's assessment, the "the ebbs [in PHO] are hurting a little less than they do the broad market, and the flows are helping a little more."Read more about the PHO ETF from Brumley here. Pacer Benchmark Data & Infrastructure Real Estate ETF (SRVR)Investor: Robert Waldo Expense Ratio: 0.60% YTD Gains: 27%My pick for InvestorPlace's ETF contest, the Pacer Benchmark Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR), has consistently been at the top this year, and I expect it to continue this success.While I don't necessarily see another 30% or so increase in the books over the next six months for SRVR, I still think the 5G infrastructure ETF has plenty of remaining strength to help it take the throne. As I pointed out recently, SRVR is "a real-estate play on the 5G catalyst with holdings that will mostly succeed over the long-term, even without the inevitable 5G boost."It can continue to run higher based on the roll out of 5G, but many of its holdings are also needed to help our technologically advanced world operate efficiently. And that's precisely why I think it has what it takes to come out on top this year: "It's a win-win scenario at a time when we are facing countless uncertainties."Read more about the SRVR ETF here. iShares US Home Construction ETF (ITB)Investor: Vince Martin Expense Ratio: 0.43% YTD Gains: 27%At the midpoint of 2019, Vince Martin's choice of iShares Dow Jones US Home Const. ETF (BATS:ITB) has taken the No. 1 spot, still neck and neck with the SRVR ETF. His choice of the home construction ETF was based on the fact that housing stocks took a massive hit in 2018, despite the headline buzz not justifying the devastating investor reaction.Although Martin doesn't anticipate that ITB can run significantly higher this year, and he cites several challenges bearing down on the home-building space now, he still believes there's reason to be bullish: "With some help from lower interest rates, which would lower mortgage costs, and economic strength, it could re-take … [its 2018] highs, suggesting another 20% or so in upside."While the end-year success of Thune's pick in GLD relies heavily on market conditions worsening, much of the enduring strength of Martin's ITB relies on the continuation of a healthy U.S. economy. * 7 Retail Stocks to Buy for the Second Half of 2019 Ultimately, a clearer victor might be in sight as we reach the end of this quarter, but for now, ITB is still holding strong as one of the best ETFs in 2019.Read more about the ITB ETF from Martin here.Robert Waldo is a Web Editor at InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Shining Silver and Gold Stocks to Buy Right Now * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 * The 7 Best Acquisitions of 2019 The post 10 Best ETFs for 2019: The Race for 1 Intensifies appeared first on InvestorPlace.
Gold futures climb sharply on Wednesday to log their highest finish in a week, as the U.S. dollar weakened on remarks from Federal Reserve Chairman Jerome Powell that were perceived as dovish.
In prepared remarks ahead of his testimony to US Congress, Federal Reserve Chair Jerome Powell leaned toward a dovish stance.
The fear that had increased over the last few days as investors awaited two days of Fed Chair Jerome Powell’s “Humphrey Hawkins” testimony to Congress that commenced Wednesday evaporated rapidly, with the markets jumping to fresh highs as Powell supported the argument for easing monetary policy. In written testimony to the House Financial Services Committee, Powell claimed that business investments throughout the U.S. have languished “notably” recently as uncertainties over the economic outlook persist. “Crosscurrents have reemerged,” Powell said.
While gold prices have backed off some after posting solid gains recently, peaking at $1,422.85 on June 25, some analysts are predicting a rally to $2,000 per ounce by the conclusion of 2019. After a lethargic ...
As gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM) and SPDR Gold Shares (NYSEArca: GLD), rallied last month, holdings of bullion in those funds surged, too. In June, gold traded near its ...
China added another 10.3 tons of gold to its reserves in June, marking the seventh consecutive month during which it added to its reserves.
Brexit Positions Clarified in British Debate So, now Tory voters know what they’re choosing between, in terms of what will actually affect their lives come October 31st other than political platitudes like “uniting the country.” In a debate yesterday between the two remaining Tory candidates to replace current Prime Minister Theresa May as leader of […]The post Market Morning: Powell Pushes Gold, Wozniak Warns on Facebook, Boeing Deliveries Fall appeared first on Market Exclusive.