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Gold-backed ETF (GLD) Draws $1.2B Inflows Amid Banking Crisis — Outpaces Stocks, Bonds
Tuesday, March 21, 2023 - 9:26am | 599Read More...Since the start of the regional banking crisis in the United States, $1.2 billion has flowed into the SPDR Gold Trust ETF (ARCA: GLD), a gold-backed ETF that invests in physical metal bars and is managed by World Gold Trust Services, LLC. GLD's price spiked to a one-year high on...
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'Room For Disappointment': Stock Market Update For The Week Ahead
Monday, September 14, 2020 - 7:10am | 2287Read More...The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...
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Strap Yourselves In – Gold May Take Off Like A Rocketship
Monday, June 17, 2019 - 10:19am | 486Read More...The last three years have been extremely difficult for metals enthusiast. If you speak with them, you would assume that gold has been going down for the last three years. Well, at least that is the impression you would get based upon their “sentiment.” But, in fact, all gold has been...
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Gold Is In A Precarious Spot
Wednesday, May 29, 2019 - 1:21pm | 492Read More...Please note: This article was originally posted on FATRADER.com on Friday May 24th. My mother told me that if I did not have anything nice to say, I should not say anything at all. Well, that is why you have not heard from me about GLD for quite some time. When I wrote about it last, many were...
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Mylan Price Target Slashed Even As TLD Drug Receives Tentative Approval
Monday, August 7, 2017 - 11:56am | 505Read More...Morgan Stanley reduced its price target on the shares of Mylan N.V. (NASDAQ: MYL) following downward revision to its estimates due to the IMS trends, generic price pressure and uncertain new launch timing. Meanwhile, in a separate note, Mylan announced its NDA for TLD, a combo of Lamivudhine...
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After Feeling Heavy, Gold (GLD) Takes the Plunge
Thursday, September 15, 2011 - 11:21am | 301Read More...Last night on the "Off the Charts" newsletter, it was stated that GLD was looking like it was setting up for an interesting trade to the downside as it hovered by the accelerated downtrend. This morning, GLD gapped down and opened at $174.61, below yesterday's low of $176.05. The break of the...
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Gold Soars to New Record on Darkening Economic Clouds
Friday, August 19, 2011 - 6:38am | 195Read More...Gold surged to new record highs Friday, as anxious investors again jumped into the metal as the global economic outlook darkens by the day. Spot gold prices gained more than 2% in early trade today, as investors dumped stocks in Asia and Europe to buy the commodity. Renewed concerns about the...
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Treasury Bonds Surge As Yields Fall
Thursday, May 6, 2010 - 4:56pm | 167Read More...U.S. Treasury bonds prices surged during trading today causing 10 year yields to fall to their lowest point since July, as problems in Greece increased after the government approved several austerity measures in exchange for financial aid from Germany, IMF and the rest of European Union. Yields...
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Oil Acting Weak Over Last Month (USO, GLD, UUP)
Monday, September 21, 2009 - 12:13pm | 197Read More...The relationship between Oil, measured by the United States Oil Fund (NYSE: USO) and the US Dollar, measured by the PowerShares US Dollar Bull (NYSE: UUP), has been trying to tell us something over the past month. Oil has been a decent hedge against inflation and a falling US dollar over the past...
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Should Silver Be A Part of An Inflation Hedge? (GDX, GLD, SLV, SIVR)
Friday, September 18, 2009 - 11:59am | 232Read More...With Gold (NYSE: GLD) and gold miners, best measured by the Market Vectors Gold Miners ETF (NYSE: GDX) approaching recent highs one wonders if there is another way to play the inflation hedge. Silver, although much less publicized, has also been a good hedge against inflation and a weakening US...
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Gold Close to All Time Highs Near $1,010/ounce (GLD, GDX, ABX)
Friday, September 11, 2009 - 11:28am | 92Read More...Gold again pushed higher today, topping at around $1,010/ounce, up $14.60/ounce or 1.5%. This is also giving a boost to Gold Miners (NYSE: GDX) up 2.2% and Barrick Gold (NYSE: ABX) up 1% for the day. Barrick recently removed its Gold hedges on speculation that the metal will move significantly...
