
NYSEARCA:GLD
This summary was created by AI, based on 7 opinions in the last 12 months.
The SPDR Gold ETF (GLD) is currently facing a mixed outlook from various experts. Some analysts express concerns about momentum shifting away from gold, with mentions of a recent -11% drop in GLD. While a few experts suggest looking for a tactical buying opportunity against its rising 200-day moving average, others advocate for a cautious approach due to potential major downsides. There is a general sentiment that owning gold itself is preferable to gold miners, given their associated risks. Overall, while some see current price levels as attractive for tactical plays, caution prevails among those advising against overexposure.
When you look at spider trust, it is surprising how much gold is held within it. There has not been a lot of selling out of this particular fund. He has not studied Sprott vs. the mint. The move in gold is more important then the relative move in the different ETFs. He uses GOLD equities such as Gold Corp. He wants dividends, which you don’t get from bullion.
About 1800 is the big resistance for the last year ago. If we get above that stocks will go too. If we go below about 1650 it would be a negative in his mind.