SPDR Gold ETF (GLD)

(A Top Pick Apr 27/05. No change.) US$ has been in a bull market since Dec/04. Getting a bit long in the tooth.

Impressed at the way gold has performed. Bullion has done rather well, but gold stocks have been tragic. Had a low in February and a higher low in April. It could get to the $50 area.

The ETF is a good thing since it will allow a lot more people to access gold much more easily. When there is a real raging bull market on gold, this will explode. Some controversy as to whether this would be a tool that central banks could use to control gold.