
NYSEARCA:GLD
This summary was created by AI, based on 5 opinions in the last 12 months.
Experts express a nuanced view on SPDR Gold ETF (GLD), emphasizing its role as a safer investment when compared to gold mining stocks, which carry significant operational risks. One expert highlights the advantage of separating gold from mining stocks, advocating for a diverse basket of gold assets. Another expert has recently purchased GLD, indicating a preference for gold over more volatile options like silver. The current market sentiment acknowledges a possible buying opportunity, especially as it aligns with technical indicators such as the 200-day moving average and a recent RSI touch at 30. However, caution is advised as some professionals have taken profits, indicating potential market volatility and suggesting that while holding GLD may be low risk, individual mining stocks could see corrections in the near future.
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.
Sounds boring, but if you don't want to play the miners, you could buy some of this as part of your overall asset allocation. Big benefits to his client portfolios.