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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.
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.