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Gold Futures Over $1,300 Give Mining Stocks A Boost
Monday, August 28, 2017 - 4:00pm | 240December gold futures are trading higher by $17.90 at $1,315.80 in Monday's after-hours session. After flirting with a breakout over the psychological $1,300 level over the last seven sessions, they have finally cleared that hurdle. They are now trading at their highest level since Nov. 4, when...
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Dear Goldman Sachs: What Happens To Gold In A Falling Market? During Interest Rate Hikes?
Wednesday, September 14, 2016 - 2:07pm | 361Goldman Sachs clients have been flooding the bank with questions about how gold performs under two conditions: a falling stock market and rising interest rates. The questions seemingly stem from growing market concern over the impact of future Federal Reserve rate hikes, particularly if the hikes...
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A Tale Of 2 ETFs: How GDX And GLD Compare When Gold Shines Or Dulls
Friday, August 26, 2016 - 11:29am | 417Gold prices have been on a tear in 2016, making for some happy investors. However, some gold investors are happier than others. The price of gold has jumped 27.0 percent since the beginning of the year. In that same time, the SPDR Gold Trust (ETF) (NYSE: GLD) is up 24.9 percent. The Market Vectors...
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The Dollar And Gold: Not Always Asymmetric
Friday, August 26, 2016 - 10:43am | 539SPDR Gold Trust (ETF) (NYSE: GLD), the world's largest bullion-backed exchange-traded product, is up 24.4 percent year-to-date, while the ETF that acts as a proxy for the U.S. Dollar Index is off 4.5 percent. And for some investors, the equation is that simple. Gold rises when the dollar falls...
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All That Glitters Ain't Buy-Rated: Citi Goes Neutral On Gold
Tuesday, August 2, 2016 - 2:56pm | 426Gold prices have been on quite a tear in 2016, and the SPDR Gold Trust (ETF) (NYSE: GLD) is now up 28.4 percent year-to-date. Citigroup analyst Alexander Hacking just initiated coverage on North American gold miner stocks. According to Hacking, after an incredible first half of 2016, gold investors...
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Considerations When Mulling Gold ETFs
Tuesday, August 2, 2016 - 2:01pm | 542Buoyed by low interest rates and an (until recently) weaker dollar, gold has been one of this year's hottest assets. But with the SPDR Gold Trust (ETF) (NYSE: GLD) up more than 27 percent year-to-date, some investors are probably wondering if it is too late to integrate bullion into their...
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Glistening Gold: JPMorgan Upgrades Harmony Gold, Gold Fields; Downgrades DRDGOLD
Tuesday, July 12, 2016 - 11:00am | 182JPMorgan has revised ratings of three South African-based gold companies. The brokerage upgraded Harmony Gold Mining Co. (ADR) (NYSE: HMY) and Gold Fields Limited (ADR) (NYSE: GFI), while downgrading DRDGOLD Ltd. (ADR) (NYSE: DRD). The brokerage has upgraded Harmony Gold Mining Co to Overweight and...
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A History Lesson With Gold ETFs
Thursday, May 26, 2016 - 8:31am | 544The SPDR Gold Trust (ETF) (NYSE: GLD), the world's largest exchange-traded fund backed by physical holdings of gold, is up 15.3 percent this year. GLD is also one of this year's top ETFs in terms of new assets added. How's Gold Doing? However, some of the air has come out of the gold trade...
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Go-Go Days For Gold ETFs
Wednesday, May 18, 2016 - 2:38pm | 559The SPDR Gold Trust (ETF) (NYSE: GLD) and the iShares Gold Trust(ETF) (NYSE: IAU) are each up more than 20 percent this year. Not only that, but the two gold exchange-traded funds are raking in new assets at a fevered pace. Gold's Golden Promises GLD, the world's largest gold ETF, has seen $8.1...
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Maybe Another Buying Opportunity With Gold ETFs
Wednesday, February 17, 2016 - 9:09am | 396The SPDR Gold Trust (ETF) (NYSE: GLD), the world's largest exchange-traded fund backed by physical holdings of gold, has tumbled in the past two trading sessions as investors have embraced riskier assets, but two days of ebullience for equities does not guarantee a lasting trend. A volatile...
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This Little Nugget Of An ETF Is Delivering Astounding Returns
Friday, February 12, 2016 - 9:11am | 531On Thursday, the Direxion Daily S&P Biotech Bear 3X Shares (NYSE: LABD), a leveraged bearish that is on a torrid pace this year, was highlighted. “Torrid” meaning LABD has nearly tripled in value since the start of the year. By now, it is fair to say that many investors are aware...
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Leveraged Miners ETF Struts Its Stuff
Thursday, February 4, 2016 - 2:19pm | 554Investors have been looking for safe-haven assets since the start of 2016, and that is leading them to gold. The SPDR Gold Trust (ETF) (NYSE: GLD), the largest gold-backed exchange-traded fund in the world, is up 8.91 percent year-to-date. Gold Rallies Galore GLD's strong start to the year has...
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Gold's Tumble Not Luring Traders To Inverse ETFs
Tuesday, November 24, 2015 - 9:41am | 535SPDR Gold Trust (ETF) (NYSE: GLD), the world's largest exchange-traded product backed by physical holdings of bullion, has lost 10 percent year-to-date. With many market participants expecting the Federal Reserve to raise interest rates at its December meeting, GLD and rival gold ETFs are...
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2 Unlikely Year-To-Date ETF Performance Leaders
Wednesday, February 11, 2015 - 4:27pm | 598The race for the best performing sector or asset class of 2015 is still in its nascent stages. However, two unlikely candidates have emerged in leadership roles from beaten down areas of the globe through the first six weeks of the year. The following ETFs represent areas of strength amid the...
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Have Gold ETFs Finally Turned?
Thursday, December 11, 2014 - 11:53am | 510Gold ETFs have come under fire this year for their persistent weakness and disjointed trading patterns. The combination of a rising U.S. dollar, falling interest rates and tepid inflationary statistics have not been kind to gold bullion prices or associated mining stocks. More recently, traders...