John DeGoeySPDR Gold ETFGLDCOMMENTSep 09, 2013

Separate gold (and the gold price) from the gold miners which face incredible operating risk (accidents, debt). Many investors buy gold stocks to be long gold itself, but you're better off buying a diverse basket of gold stocks with the core being gold itself.

He just bought it, preferring gold to silver which is too volatile. GLD's 200-day moving average is $375. He bought recently at $404 and more this morning, keeping that average in mind.

A good way to play gold which is a buying opportunity now. Can play this against its rising 200-day moving average (which hasn't been breached in over a year). Yesterday, its RSI touched 30. Likes this as a tactical play for a bounce, which is happening today.

Sold it after buying this last month as a trade. Those who own gold, hold on. He will return to gold. But the parabolic move and volume spike in precious metals led him to sell this to reduce risk. 

His firm has a 5-10% weight in gold at the moment, depending on the risk tolerance of a client. Most of it is just owning GLD, but at a level certainly no more than 10%. For good portfolio management, you want more than just 3-4 names. 

You won't get hurt holding GLD, but individual mining names have run up and are primed to have some $$ taken off the table. Wouldn't be surprising for some bit of news over the next couple of months to knock the gold rally for a loop.

The costs to get gold out of the ground are so high that he prefers holding this ETF and not a company.

Good and handy if you want to participate in the current gold rally.

He sold it. GLD is approaching its moving averages. He bought it because of deflationary pressure as the interest rate falls. Gold and GLD has underperformed.

Lower price point than similar products meant for retail investors. Recent pullback a good time to buy. Stronger US dollar tough on gold. Traditionally gold does well into the Chinese New Year.

The original gold ETF. It tries to hold physical gold, which is a good hedge against currency devaluation, inflation spikes and general uncertainty. Gold is struggling now, but it's a good time to buy this during weakness.

It's a long-term investment. Many bought gold last March out of fear of a slowdown and weakening dollar. If you still believe that then hold and don't sell.

He sold half in May as yield began to rise, and sold the rest today as GLD broke below the 100-day moving average, last seen in fall 2022. You want to own at least some gold now with the deflationary effect (from March's regional bank crisis). He may step back into this for the long term.

Not excited about gold, to be honest. Needs to see a deflationary catalyst but rates keep rising. Would prefer to own the metal, not the miners. Won't sell it though.

If gold holds above $1,900, the previous high, then be long in gold. But if gold falls below $1,900 after the Fed hikes, be very cautious.

Good option for gold ETF.
High liquidity.
Good long term investment (5-10 years).
Not buying at the moment.