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NYSEARCA:GLD
This summary was created by AI, based on 7 opinions in the last 12 months.
The reviews regarding SPDR Gold ETF (GLD) present a mixed bag of sentiments. Several experts express bearishness, noting a significant recent decline in GLD, with one analyst highlighting an -11% drop in the past month, indicating that the momentum money that once flowed into gold is now receding. Others suggest a tactical approach, seeing potential for a bounce given the RSI levels and the historical 200-day moving average. However, some analysts draw a distinction between investing in gold directly versus gold mining stocks, emphasizing the risks associated with the latter. The views on whether to hold or sell GLD indicate that a defensive strategy might be prudent as uncertainties loom over the gold market.
Gold? He likes gold as a safe haven. He thinks it could head to $2000 per oz, especially if interest rates continue to fall. He prefers owning the GLD ETF -- why take unforseen operational risk? He also holds Kirkland Lake.