Peter Brieger SPDR Gold ETF GLD-N BUY Apr 03, 2006

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.

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.

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.

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.

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.

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.

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

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

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.