
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 outlook from various experts. Some analysts express concerns about the recent downward momentum, indicating that money flow into gold is starting to reverse, with one expert noting an 11% decline in GLD over the past month. Others believe that despite current volatility, there may be tactical opportunities for a bounce due to the ETF's relationship with its 200-day moving average and RSI levels. Moreover, the difference between investing directly in gold and gold mining stocks is highlighted, with a recommendation to maintain a diversified approach. There are also hints of caution, suggesting that volatile market conditions could pose risks ahead, making it prudent to consider potential downturns.
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.