|Bid||0.00 x 1200|
|Ask||0.00 x 1300|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||15.06%|
|Beta (3Y Monthly)||-0.06|
|Expense Ratio (net)||0.40%|
More investors are turning to gold as global tensions escalate further, causing more market uncertainty. Dave Nadig, Managing Director at ETF.com, joins Akiko Fujita on The Ticker to discuss some of the best ETFs to invest in to ride out 2019.
Joining Yahoo Finance's Myles Udland and Jen Rogers is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the price action in the SPDR Gold Trust (GLD) and SPDR S&P 500 ETF (SPY).
Gold prices and ETFs have pulled back, but some argue that the recent declines may be a good opportunity to increase gold exposure ahead of the U.S. and China trade talks and updates from the Federal Reserve. ...
The increasing likelihood of a black swan event that causes a drastic market downturn should prompt investors to consider three key strategies to protect against major losses, according to Shalin Madan, the founder and chief investment officer of quantitative firm Bodhi Tree Asset Management. To prepare for catastrophic market losses, Madan offers three strategies that Business Insider matched with three exchange-traded funds (ETFs). The second strategy is buying gold, which can be executed at less risk by purchasing the SPDR Gold Shares (GLD).
Fresh data from the World Gold Council (WGC) confirm September was a buoyant month for inflows to gold-backed ETFs, including the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU) . Investors are embracing GLD, IAU and related ETFs as a quick and easy way to gain exposure to gold price movements as they hedge against market risks, help protect their purchasing power in times of inflationary pressures or capitalize on increasing demand from the emerging markets with a growing middle-income class. “In September global gold-backed ETFs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2t to 2,808 tonnes(t), the highest levels of all time,” said the WGC.
On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in Marathon Petroleum Corp (NYSE: MPC). Pete Najarian owns calls and shares in Marathon Petroleum. Close to 6,000 contracts of the March $149 calls in SPDR Gold Trust (NYSE: GLD) were traded in the first half of the session on Tuesday, said Pete Najarian.
China has a voracious appetite for gold and has now reached 100 tons in gold reserves since it started purchasing the precious metal late last year. More importantly, more purchases could come, which could fan the flames for gold-focused exchange-traded funds (ETFs). Per Bloomberg News, the “People’s Bank of China picked up more gold last month, raising holdings to 62.64 million ounces in September from 62.45 million in August, according to data on its website.
The third quarter of 2019 saw heavy inflows into defensive sectors of the market, especially into gold and long term Treasurys, as investors sought out safe haven assets amid the economic and political turmoil abounding.
In the mid-1800s, settlers headed west when it came to fulfilling dreams of gold. Fast forward to September 2019, and investors are living those dreams in gold-backed exchange-traded funds (ETFs), according ...
The SPDR Gold MiniShares (GLDM), which debuted in June 2018 as a cost-effective alternative to the SPDR Gold Shares (GLD A-), recently topped $1 billion in assets under management, confirming the notion that investors like a good deal when it comes to ETFs.
The SPDR Gold MiniShares (NYSEArca: GLDM ), which debuted in June 2018 as a cost-effective alternative to the SPDR Gold Shares (GLD) , recently topped $1 billion in assets under management, confirming the notion that investors like a good deal when it comes to ETFs. With gold prices surging this year, GLDM has been one of the top asset-gathering ETFs, adding nearly $520 million in new assets on a year-to-date basis. ““The combined resources of the World Gold Council, a leading authority on all aspects of the gold market and State Street Global Advisors, a pioneer in ETF investing, provides gold investors with compelling investment offerings and robust research and thought leadership on the role of gold in a portfolio,” said Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors, in a statement.
Precious metals like gold and silver saw their prices fall on Monday, which could present a buying opportunity for investors looking to add alternative safe havens to their portfolios. This could make gold and silver ETFs a value proposition for investors looking to capitalize on the weakness. “Gold and silver prices are sharply lower in midday U.S. trading Monday,” wrote John Wyckoff of Kitco News.
The way gold has been rising, especially during the months of heavy volatility, investors had to be wishing they were King Midas so they can apply the golden touch to all of their assets. With all the ...
ETF short interest can shed light for traders on areas of the market where investors see potential weakness. S3 Partners analyst Ihor Dusaniwsky released his latest list of ETFs with the most short interest ...
Editor's Note: This article is part of InvestorPlace.com's Best ETFs for 2019 contest. Kent Thune's pick for the contest is the SPDR Gold Shares (NYSEARCA:GLD).As Q3 2019 was winding to a close, SPDR Gold Shares (NYSEARCA:GLD) was handily beating the S&P 500 index for the quarter and the 12-month return, as the momentum looks to continue for GLD for several quarters to come.Although the year-to-date returns show that GLD is behind the major market indices for calendar year 2019, smart investors need only dig a bit beneath the surface to unearth the shine on this precious metals exchange-traded fun. As of this writing, with only a few trading days remaining in Q3, GLD had a gain of 7.9%, whereas the SPDR S&P 500 ETF (NYSEARCA:SPY) was up only 1.2%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor the past 12 months, GLD has jumped 27.4% in price and the SPY only had a gain of 3.7%.When we look back on the 1-year returns ending Dec. 31, 2019, GLD may still lag the major market indices and a few of the leading sectors. But the real story is that GLD has been an outstanding diversification tool since the end of Q3 2018 and will likely remain a smart holding through 2020 and beyond. Why GLD Remains Among the Best ETFs to Hold NowEconomists and market observers may not agree on forecasts for the timing of the next recession but there's no arguing the fact that the U.S. is in the mature phase of the business cycle and the global economy is slowing. In this environment, investors are wise to reduce exposure to risk assets, such as stocks, and increase exposure to defensive assets, such as gold and bonds. * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains More specifically, here are some compelling reasons to hold GLD now: * Slowing Global Economies: Just because the U.S. is not in a recession (yet), doesn't mean defensive investments like GLD are not a good idea. European and Chinese economies are slowing or were in recession in 2019. Not only does this drag on the U.S. economy but it increases demand for safe havens like gold. * Increase in Negative Debt: An environment where interest rates are falling is often the same one where the price of gold is rising. During Q3 2019, central banks around the world were lowering rates, in some cases below zero, to fight recession. When yields are negative, it means that the issuer is paying the investor to borrow money. The level of negative debt reached a record of $17 trillion globally during Q3 2019. * Tariffs and Uncertainty: The greatest enemy of stock prices is uncertainty. But this same enemy is a major support for higher gold prices. The greatest driver of uncertainty now is over the tariffs and the ongoing trade dispute between the U.S. and China. As more time passes, negative impacts will be felt by consumers and businesses. This also impacts consumer confidence and business hiring decisions in the near term. Consumer activity is two-thirds of the U.S. economy; therefore, if consumers don't feel confident about their money or job security, they'll put off purchases they would have otherwise made.In summary, as long as there remains a global backdrop of easier monetary policy for central banks, gold will remain a smart hedging tool or defensive investment play. However, it's generally not a good idea to allocate too much of a portfolio's assets to this or other precious metals. Along with other defensive investment ideas and certain sector bets, an allocation of 5-10% can effectively reduce volatility and market risk in your portfolio.As of this writing, Kent Thune did not personally hold a position in any of the aforementioned securities. However, he holds GLD and SPY in some client accounts. Under no circumstances does this information represent a recommendation to buy or sell securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cloud Stocks to Invest in the Future * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains * 7 Cheap Stocks That Ought to Consider a Sale The post Best ETFs for 2019: The Future Is Bright for the SPDR Gold ETF appeared first on InvestorPlace.