GLD - SPDR Gold Shares

NYSEArca - NYSEArca Delayed Price. Currency in USD
141.28
+0.57 (+0.41%)
At close: 4:00PM EDT

141.80 +0.51 (0.36%)
Pre-Market: 5:31AM EDT

Stock chart is not supported by your current browser
Previous Close140.71
Open0.00
Bid0.00 x 1200
Ask141.95 x 3200
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume12,675,607
Net Assets43.15B
NAV141.73
PE Ratio (TTM)N/A
Yield0.00%
YTD Return16.87%
Beta (3Y Monthly)-0.03
Expense Ratio (net)0.40%
Inception Date2004-11-18
Trade prices are not sourced from all markets
  • GuruFocus.com

    John Paulson's Top Gold Stocks

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  • Gold ends higher, heads lower in electronic trade after Fed cuts key interest rate
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    Gold ends higher, heads lower in electronic trade after Fed cuts key interest rate

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  • What to Watch After the Fed Decision
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  • Gold ETFs Hold Steady Ahead of Interest Rate Decision
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  • 3 Investments to Short Ahead of the Fed Event: Gold, Bonds and Fear
    InvestorPlace

    3 Investments to Short Ahead of the Fed Event: Gold, Bonds and Fear

    Wall Street has gotten too comfortable with being long gold, U.S. Bonds and fear. But today the opportunity is to short these three things via the SPDR Gold Shares (NYSEARCA:GLD), iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX).It is easy to justify a rally in safety stocks like these. There is no shortage of fear mongers in the stock market -- especially this year. Wall Street has been reeling from a barrage of headlines. The risks include geopolitics, economic worries and a tight Fed. We even have actual strikes on oil fields like the ones we just saw in Saudi Arabia this weekend.Add to it that this week we also have the U.S. Federal reserve deciding on their next rate move. Although markets are expecting a Fed funds rate cut, investors are nervous. Not so much about the cut itself but rather about what Fed Chairman Jerome Powell will say in his question and answer session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince January, Chairman Powell has appeased Wall Street with a dovish stance and rate cuts. He has also done very well with his written statements. However, a few of his statements in the Q&A sessions have caused ruckus in the markets.During such turmoil, money runs for perceived safety. So stocks like GLD, TLT and the VXX do well. Indeed, all three have rallied especially hard recently. But often, investors overdo it -- and they just did.These rallies were counterintuitive because stocks are also near their all-time highs. So last week, we saw a big breakdown in the GLD and TLT. Monday, all three funds rallied, but that's not likely to last.A couple of weeks ago I successfully shorted all three. I bought puts in the GLD in the TLT stocks and I sold call spreads into the VXX. But the opportunity here is that there might be more downside in these three tickers. * 7 Momentum Stocks to Buy On the Dip The rally was so long and so steep that the correction is not likely to end after only the first dip. This week will be pivotal -- depending on what the Fed does and says. Gold (GLD)Humans love the shiny gold stuff. Not only do we love it, it's also getting harder and harder to get out of the ground. So as rarity increases, GLD stock price should continue to rise, right? In reality, that's not the case. Though until recently, it seemed like there was no end to the GLD rally that started in June.But all rallies come to an end. Now we have a situation where the gold bulls have gotten too comfortable being long their thesis. And last week the thesis may have started to unravel.This is nothing against GLD stock itself. My bet is against the price action in the charts.After a difficult Friday, GLD failed to capitalize on opportunities during a rally Monday. It faded at important pivot points, so if I'm short the GLD stock, I stay in it. I can even start shorting with October puts or by selling bearish call spreads for the next two weeks. Doing both would mean that I am very short gold. But at this point in time, with so much uncertainty, I'd rather be moderate in my positions.As long as GLD stock is below $142.50 per share then bounces will likely continue to fail. U.S. Bonds (TLT)The love for U.S. Bonds also got too hot into mid-August. But September has not been as nice to TLT stock so it has already lost a lot of its froth. Like gold, investors over bought TLT in July with a complete disregard for fundamentals.The bullish thesis for buying bonds was TINA -- or There Is Not Alternative. But TINA works even better for stocks than bonds. The U.S. bonds only yield 1.6% for ten years and barely over 2% for 30 years. Compare that to the S&P 500 which is up almost 20% in nine months and close to all-time highs.So TINA alone is not a reason to buy TLT stock at these extremely high levels. Here too, if I am short TLT I stay in it. It is likely headed to retest the breakout neckline near $132 per share. Admittedly the outcome of this week is binary off the Federal event on Wednesday. But there is a good chance that the Fed won't be dovish enough and that in theory should put downside pressure on TLT.As long as TLT is below $140 then the bounces won't have follow through. Given the steepness of the rally, there are still a lot of stop losses to trigger. There were too many late buyers on the way up chasing the meme. * 7 Tech Stocks You Should Avoid Now The rally on Monday in the TLT was not that impressive. The bulls failed to overcome the Friday high in spite of having the help of extreme geopolitical uncertainty and Fed worries. Fear (VXX)The experts keep saying that volatility is here to stay. So why is the VIX below 15? The VXX which is a derivative of fear is also down 55% from the December highs. Clearly, this is a stock that can't hold its greens. Aside from sporadic spikes, the VXX stock is a short.But of the three trades laid out today, this is the one that I would wait for a spike to short. We are still in headline mode and headed into an event on Wednesday so patience is key. This is a recipe for surprise spikes in the VXX stock that would temporarily ruin the thesis.So I would wait for a silly headline to cause a VXX stock spike and sell credit call spreads into it.The weakness in the VXX tells me that overall, stock markets want to rally. All they need is a quiet period of time where politicians keep their mouths shut so as not to mess with the natural price action. That's why this one is trickier to short than GLD or TLT. Moreover, during weeks where we have an impeding Fed decision, it is possible for both stocks and fear to rise in tandem.During this yo-yo period, I don't take giant trades with extreme conviction because of this geopolitical uncertainty element. Investors are best served to stay nimble and employ tight stops. Regardless of how good my thesis is, if price goes past my thresholds then it doesn't matter if I'm right or wrong, I should close my position.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here.The post 3 Investments to Short Ahead of the Fed Event: Gold, Bonds and Fear appeared first on InvestorPlace.

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    5 ETF Zones to Watch Ahead of Fed Meeting

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  • ETFs to Gain/Lose as Fed Rate Cut Less Likely
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    ETFs to Gain/Lose as Fed Rate Cut Less Likely

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  • How to Profit From ETFs as Saudi Attack Unnerves Investors
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    Market Morning: Johnson Defies Benn, Saudi Oil Black Swan, Golden Toilet Heist

    Mainstream Media Starts Seeing Stark Central Banking Dilemma The mainstream media is starting to catch on to the fact that central banks might be toast, and not the lightly toasted kind that enhances flavor. More like the Cajun kind that turns everything black. Reuters opens an ominous report on the European Central Bank entitled “Draghi's […]The post Market Morning: Johnson Defies Benn, Saudi Oil Black Swan, Golden Toilet Heist appeared first on Market Exclusive.

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  • ETF Trends

    A Big Departure From The Gold Consensus

    The SPDR Gold Shares (GLD) and rival gold ETFs have stellar performers in the commodities space there with plenty of market observers rushing to back bullion. Gold was one of the best-performing assets last month, strengthening 8% and touching its highest level since April 2013 after President Donald Trump escalated the trade war and announced additional tariffs on Chinese imports. “Capital Economics in a note says all the drivers for the rally in the gold price – weakening global growth, safe-haven demand and low interest rates – are now baked into the price,” reports Frik Els for Mining.com.

  • Stay Short in SPDR Gold Shares ETF
    InvestorPlace

    Stay Short in SPDR Gold Shares ETF

    Gold is rare and people love it, so its price should always go up, right? But SPDR Gold Shares (NYSEARCA:GLD) has had an extended run that should slowly start to become less intense. So today's trade is GLD stock. The argument is not that it rose too much, because it still trails the S&P 500 year-to-date. The problem is that with the steepness of its wedge, its chart is vulnerable to dips.Source: Shutterstock This is nothing personal against the shiny metal, but nothing goes up in a straight line forever -- although the recent run in GLD, iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) and iShares Silver Trust (NYSEARCA:SLV) was insane. Global investors chased those three up partly as a safe haven trade from geopolitical risk, and also because of the popular TINA acronym.Consensus is that there "there is no alternative" to buying U.S. Treasurys when global bonds yield negative rates. Not many are willing to buy investment vehicles that advertise guaranteed losses. So they buy U.S. bonds, gold and silver instead. This means GLD came along for the ride.InvestorPlace - Stock Market News, Stock Advice & Trading Tips There is Danger in Those Golden GLD Charts.There is no way I can quantify the value of gold. The stuff is in high demand and people love it. The only reason it has any value is because we say so. Furthermore, it is hard to extract and getting even rarer. Clearly the price should go up indefinitely.But the modern Wall Street is more predictable than in the past. These days machines do most of the trading, so the chart technicals have a lot of say. As bullish as gold story's is, GLD stock should correct. I am not calling for a complete collapse, but there are levels that need revisiting before any rally can proceed. * 7 Discount Retail Stocks to Buy for a Recession During the 2011 rally, experts called for gold prices to hit $2,200 per ounce. That marked the top and started a four-year correction. Furthermore, this rally merely brings gold to about the 50% retracement level of that correction. While I don't want to predict similar doom here, I expect GLD stock to revisit lower levels to build a better chart.Before you label me a perma-bear, I assure you that I prefer trading upside potential as it makes for happier and more positive attitudes. But the dip would give GLD the chance to build a better base for what ever future target it wants.A spike straight up leaves weak hands in control of GLD. So then at the sign of any trouble, the bulls become gutless and panic out of their positions. That is when trap doors open -- and the exit doors are never large enough to accommodate an orderly exit.In September, GLD stock corrected about 5% and is now is trying to shake it off. The short paid, but it is not yet clear that there is reason to stop shorting it here. If you are already short GLD, you can stay in it with proper stops. The Bottom Line on GLDFrom here, I expect GLD to head lower because it needs to retest $139 and $136 per share. This next statement will probably anger the gold bulls, but GLD stock should eventually fill the gap near $128 per share.In early June, the gold trade caught fire near $127. GLD rallied 16% from there with no retracement. Then September's dip came. There will be a fight between buyers and sellers near $140 for the control of the price action, so I expect a stall there.Next week is important for GLD. The Federal Reserve will make its decision on rates. If the Fed doesn't disappoint Wall Street then the markets will make new highs and it will be hard for gold bulls to maintain the rally. Conversely, if Fed Chairman Jerome Powell causes another equity market dip, then shorting GLD stock will be difficult.Since I can't control the headlines, I revert to charts to make decisions. The SPDR Gold Shares chart suggests that staying short here until the $140-zone fight ends is the right thing to do.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Stay Short in SPDR Gold Shares ETF appeared first on InvestorPlace.

  • Stock Market Today: Should Investors Expect More Quantitative Easing?
    InvestorPlace

    Stock Market Today: Should Investors Expect More Quantitative Easing?

    The SPDR S&P 500 (NYSEARCA:SPY) hit new all-time highs on Thursday. Who would have predicted that for the stock market today?Not many were looking for such a robust rally to take place over the past few trading sessions. But InvestorPlace readers were ready. They knew that the stock market was trading in a well-defined range throughout the month of August and they knew when that range resolved to the upside.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOnce resistance gave way and we saw follow through from the bulls, that's when it was clear new highs were possible. In fact, we wrote: "Above resistance could send the S&P 500 back to 3,000, while a move below support likely brings up a test of the 200-day moving average."So what's causing this rally anyway? Markets liked the de-escalating tone between China and the U.S., even though there some reports say the trade war will not likely be resolved any time soon. More Quantitative Easing, Please?For those looking for more quantitative easing from the Federal Reserve, don't hold your breath. The Fed is scheduled to make its rate decision next week on Wednesday, Sept. 18. As it currently stands, the Fed Funds Rate is pricing in an 88.8% probability of a 25 basis point cut next week. The other 11.2% probability has the Fed keeping rates unchanged.Put simply, the U.S. is not in the economic position -- either with low growth or negative interest rates -- to warrant more stimulus. But the European Union is. * 10 Battered Tech Stocks to Buy Now The European Central Bank announced a 10-basis-point cut in its deposit rate to -0.5%, in-line with expectations. The ECB also announced that it will restart its QE program to the tune of $20 billion per month beginning Nov. 1. While ECB president Mario Draghi says there's only a low chance chance of an E.U. recession, those odds have increased.QE should be a boost, but it's concerning that it's needed after a near-decade of various policies. Movers in the Stock Market TodayIt was an exciting day in the stock market today, if not just because equities are flirting with their all-time highs. However, not all assets are moving favorably.While gold prices -- and the SPDR Gold Shares (NYSEARCA:GLD) -- closed higher on the day, GLD finished well off its morning highs. The can be said for bonds too, via the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). The fall in bonds helped pave the way for bank stocks to continue their rally on Thursday, even as they approach resistance.The Top Stock Trades column took a closer look at the bank stocks earlier today.What else was moving?Aurora Cannabis (NYSE:ACB) fell roughly 10% and hovered near its session lows in the stock market today. The decline came after the company reported its quarterly results, missing revenue expectations and showing margin pressure. The woes of the cannabis space continue.Shares of General Electric (NYSE:GE) fell 1.2%, but Baker Hughes (NYSE:BHGE) was making waves after the former became a seller of the latter.BHGE opened notably lower on the day and fell to $21.36. However, it finished higher by 1.5% at $22.63 despite GE announcing it will cut its stake from 50.3% to roughly 39.5% as it looks to raise capital.The IPO market remains a mixed bag, with the latest shake-up coming from SmileDirectClub (NASDAQ:SDC). Shares priced at $23, above the $19-$22 range. But that didn't please investors, as shares tumbled 27.5% in their debut. Ouch. Heard on the StreetShares of Activision Blizzard (NASDAQ:ATVI) got off to a hot start in the stock market today. However, the stock only managed to climb 1% by the time the market closed. That's despite Nomura analysts upgrading the stock to "buy" and raising their price target from $49 all the way to $64. The target implies more than 16% upside from Wednesday's closing price.Wells Fargo analysts are ringing the bell on Caterpillar (NYSE:CAT) and Deere (NYSE:DE). They downgraded both stocks from "outperform" to "market perform," assigning price targets of $170 and $143, respectively.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Stock Market Today: Should Investors Expect More Quantitative Easing? appeared first on InvestorPlace.

  • ETF Trends

    China’s Influence is Growing on the Global Gold Market

    As more investors shift to a risk-off mindset and embrace gold, China’s influence is growing on the global market for the precious metal. Acknowledging China’s increasing presence in the world gold market, the CME Group, a leading futures and derivatives exchange, is expanding its market offerings with the launch of two new gold futures products in October.

  • 5 Reasons to Buy Gold ETFs as Price May Touch $2000
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  • Risk-On Sentiment Resumes
    Investopedia

    Risk-On Sentiment Resumes

    Small caps extended their sharp rally as large caps stagnated. Gold accelerated its pullback, and bond prices also tumbled.

  • Top and Flop Leveraged ETFs of Last Week
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    Market Morning: Draghi’s Final Act, Brexit Saga Continues, Saudis Get New Energy Guy, China Buys Gold

    Mario Draghi Expected to Rage Against the Dying of the Euro This week will be European Central Bank President Mario Draghi’s last opportunity to print the Old World into prosperity. Monetary policy wonks are almost universally expecting him to push overnight lending rates in the Eurozone even further into negative territory, despite the fact that […]The post Market Morning: Draghi's Final Act, Brexit Saga Continues, Saudis Get New Energy Guy, China Buys Gold appeared first on Market Exclusive.

  • Kinross Gold Corporation Stock Seems Ready for a Long-Term Uptrend
    InvestorPlace

    Kinross Gold Corporation Stock Seems Ready for a Long-Term Uptrend

    In the last 12 months, Kinross Gold Corporation (NYSE:KGC) stock has surged by more than 80%. The upside in KGC stock has been backed by strong fundamental developments. Comparatively, the VanEck Vectors Junior Gold Miners ETF (NYSEArca:GDXJ) is up 52% in the same period. Even after the sharp rally, I believe that the uptrend has just started for KGC.Source: Shutterstock At this point, I am recommending investors accumulate positions in Kinross Gold with an initial investment horizon of 12-24 months.My recommendation on KGC stock is predicated on both industry and company specific factors that back my bullish view. Kinross stock, at a 6.34% weighting, is the largest of 67 holdings in the GDXJ mining stocks portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bullish on GoldIt is important to understand that movement in gold mining stocks is closely linked to trend in gold prices. It is therefore important to discuss the likely trend for the precious metal before talking about company specific factors.Gold is currently trading at $1,536 and is higher by 20% for year-to-date 2019. The break-out in gold prices has come after nearly five years of sideways-to-lower movement. I believe this was a consolidation zone for gold. Levels of $1,200 to $1,300 an ounce can be considered as a region of strong technical support.I am of the opinion that gold will sustain at higher levels and can potentially break all-time highs in the next 12-24 months.The most important reason for this view is global economic weakness. For August 2019, the manufacturing sector in the United States contracted for the first time in three years. China has also reported lowest GDP growth in almost three decades. Concerns of weak growth and potential recession loom at large even for Europe. Amidst these economic concerns and the ongoing trade war, the precious metal is likely to outperform. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Consider the following three factors:The U.S. is already pursuing expansionary monetary policy and as money supply increases, the dollar is likely to trend lower. This is positive for gold.With economic concerns, there is increasing risk-off trade and investors seek to go overweight on Treasuries and gold. The precious metal is likely to see higher investment demand.Central banks of Russia and China have been aggressively buying gold to diversify reserves. With weak economic growth, expansionary monetary policies and geo-political tensions, demand for gold from central banks will sustain.In sum, the global economic scenario is perfect for gold to trend higher after prolonged consolidation. Kinross Gold stock will move in-sync with gold prices. EBITDA Margin Expansion and Cash Flow GrowthFor the second quarter of 2019, KGC reported average realized gold price of $1,307 an ounce. For the same period, the all-in-sustaining-cost (AISC) was $918 an ounce. This translated into an adjusted operating cash flow of $287.7 million for the quarter.With gold already at $1,530 an ounce, the realized price will significantly increase in the coming quarters with the AISC remaining largely the same. The positive implication is EBITDA margin expansion and growth in operating cash flows.If gold sustains above $1,500 an ounce (very likely), annualized operating cash flow can be in the region of $1.5 to $1.8 billion. As Kinross Gold Corporation generates positive free cash flows, the stock is likely to trend higher.From the perspective of AISC, Kinross has agreed to acquire Chulbatkan, a development project. The asset has an indicated resource of approximately 3.9 million ounces of gold. Importantly, the company expects AISC for the project at $550 an ounce.Therefore, as the project commences production in the coming years, the company-wide AISC will decline and EBITDA margin expand.As a matter of fact, Kinross has a relatively attractive AISC for American and Russian assets. The AISC for West Africa is higher. I expect inorganic growth to be focused on assets in Russia and the U.S. Strong Fundamentals for Aggressive GrowthAs gold trends higher, it makes more sense to ramp-up production for higher realized gold price. KGC has the advantage of a strong balance sheet to pursue organic and inorganic growth. * 7 Best Tech Stocks to Buy Right Now As of June 2019, the company had total liquidity buffer of $1.9 billion. With likely expansion in free cash flow in the coming quarters, I expect the liquidity to swell and net debt to decline.In addition, I expect stock re-rating if gold continues to trade above $1,500 an ounce. This re-rating expectation is based on potential dividends as free cash flow swells. Final Words on KGC StockKinross Gold Corporation stock has surged in 2019 with gold trending higher, event in the 17.1% gain for the largest physical gold exchange-traded fund, SPDR Gold Trust (NYSEArca:GLD). The company is also on track to meet 2019 guidance on production and that has kept the KGC stock momentum bullish.The key trigger for sustained stock upside is EBITDA margin expansion and cash flow growth in the coming quarters. In addition, I expect relatively aggressive investments to prop-up production growth in 2020 and 2021.The factors discussed make KGC stock an attractive buy even after the sharp rally. A 5% to 10% correction on profit booking is entirely likely and I see that as an opportunity to accumulate the stock.As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Kinross Gold Corporation Stock Seems Ready for a Long-Term Uptrend appeared first on InvestorPlace.

  • Markets Struggle to Extend Rally
    Investopedia

    Markets Struggle to Extend Rally

    Stocks were flat on Friday as the rally paused. Gold prices pulled back, for now, while the Treasury yield curve remains close to inverted.

  • ETF Trends

    Why Investors Should Look Into Precious Metals ETFs

    As global bond yields plummeted with some hovering in the negative territory, investors have jumped into precious metals and related ETFs to better safeguard their purchasing power in times of uncertainty. For example, gold has acted as a historical safe-haven play during a low rate environment, with volatile equities and a weak dollar.  There are now a number of gold ETFs on the market that investors can choose from, including the SPDR Gold Shares (GLD) , iShares Gold Trust (IAU) , GraniteShares Gold Trust (BAR), Aberdeen Standard Physical Swiss Gold Shares ETF (SGOL) and VanEck Merk Gold Trust (NYSE Arca: OUNZ) .

  • ETF Trends

    Investors Flocked to Gold ETFs Amid August Turmoil

    Gold was one of the best-performing assets last month, strengthening 8% and touching its highest level since April 2013 after President Donald Trump escalated the trade war and announced additional tariffs on Chinese imports. Gold prices have strengthened about 20% this year to $1,564 per ounce. “In August, global gold-backed ETFs and similar products had US$6.0bn of net inflows across all regions, increasing their collective gold holdings by 122t to 2,733t,” said the World Gold Council (WGC) in a note out Thursday.

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    Hedge funds aren’t what they used to be. They used to be exclusive investment vehicles where wealthy investors could generate double digit alpha with very little correlation to the major market indices. Nowadays most hedge funds don’t deliver uncorrelated returns at all and they generate minuscule returns after fees and expenses. I am not saying […]

  • Gold could soar to record high in next 2 years: Citi
    Yahoo Finance Video

    Gold could soar to record high in next 2 years: Citi

    Citi says gold prices could crack $2,000 an ounce in the next two years. Yahoo Finance's Alexis Christoforous and Citi's research commodities director Aakash Doshi discuss.