NYSEARCA:GLD
147.98
0.86
(0.58%)
Analysis and Opinions about GLD-N
Signal
Opinion
Expert
TOP PICK
TOP PICK
December 4, 2019
He projects $1,700 gold. Dec.15-Feb.24 is GLD's seasonality. It's had a tremendous breakout and hasn't sold off much, which is a big positive. Also, the Chinese buy gold for Chinese New Year. Volatility from geopolitical fears like the UK election are another tailwind.
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He projects $1,700 gold. Dec.15-Feb.24 is GLD's seasonality. It's had a tremendous breakout and hasn't sold off much, which is a big positive. Also, the Chinese buy gold for Chinese New Year. Volatility from geopolitical fears like the UK election are another tailwind.
SELL
SELL
September 26, 2019
Precious Metals. Gold / Silver. He has held gold stocks a lot in the past and for a good part of this year. He then sold earlier in the year. His outlook is not good.
Show full opinionHide full opinionPrecious Metals. Gold / Silver. He has held gold stocks a lot in the past and for a good part of this year. He then sold earlier in the year. His outlook is not good.
COMMENT
COMMENT
September 23, 2019
He uses it because it is the largest ETF to play gold bullion. There are others with less MER but he uses this one. The problem with India is that their currency has lost 5% per year and that is a problem.
Show full opinionHide full opinionHe uses it because it is the largest ETF to play gold bullion. There are others with less MER but he uses this one. The problem with India is that their currency has lost 5% per year and that is a problem.
COMMENT
TOP PICK
TOP PICK
June 27, 2019
It's a diversifier for an equity portfolio. Combination of lower rates and lower dollar means that gold will keep going. We can do 1600 on gold, just not sure of the timeframe.
It's a diversifier for an equity portfolio. Combination of lower rates and lower dollar means that gold will keep going. We can do 1600 on gold, just not sure of the timeframe.
COMMENT
COMMENT
June 26, 2019
He does not generally buy ETFs. Gold producers have a long history of messing up their own good fortune. There are often operational disconnects between the share price and bullion prices. He would prefer to play gold with GLD-N. He feels doing so creates a good hedge against other asset classes. If we head into recessionary pressures, holding GLD-N could play well. Don't hold more than 5-6% of your portfolio in gold.
He does not generally buy ETFs. Gold producers have a long history of messing up their own good fortune. There are often operational disconnects between the share price and bullion prices. He would prefer to play gold with GLD-N. He feels doing so creates a good hedge against other asset classes. If we head into recessionary pressures, holding GLD-N could play well. Don't hold more than 5-6% of your portfolio in gold.
DON'T BUY
DON'T BUY
May 13, 2019
DBO-N & GLD-N. Commodity-driven ETFs. They were very popular when the commodity super cycle was raging. A lot of them have been closed since then. You have to look at them from a speculative point of view when you value them. He sometimes includes them in special strategies. There is a low chance of a super-cycle emerging. They will be range bound.
Show full opinionHide full opinionDBO-N & GLD-N. Commodity-driven ETFs. They were very popular when the commodity super cycle was raging. A lot of them have been closed since then. You have to look at them from a speculative point of view when you value them. He sometimes includes them in special strategies. There is a low chance of a super-cycle emerging. They will be range bound.
DON'T BUY
DON'T BUY
March 15, 2019
Bullion exposure? He sees gold as money. He owns gold. The speculation will come from the producers. He buys Sprott and stays away from GLD. These are long term strategies.
Show full opinionHide full opinionBullion exposure? He sees gold as money. He owns gold. The speculation will come from the producers. He buys Sprott and stays away from GLD. These are long term strategies.
WAIT
WAIT
February 21, 2019
He was very bullish on gold in the fall. There was strong seasonality. The smart money was buying there. These are two strong positives. Into March to May it will probably not be that strong. Smart money has been selling recently. He thinks it is too late to buy and it is time to trim.
Show full opinionHide full opinionHe was very bullish on gold in the fall. There was strong seasonality. The smart money was buying there. These are two strong positives. Into March to May it will probably not be that strong. Smart money has been selling recently. He thinks it is too late to buy and it is time to trim.
TOP PICK
TOP PICK
February 20, 2019
It's not that she's wildly bullish on gold, but this is her hedge. Gold can perform well in a bunch of different scenarios such as a weak market, or a weak dollar, or if the US-China trade deal falls apart. Gold stocks have been very strong, which move ahead of the actual commodity. The central banks have all been buying gold.
Show full opinionHide full opinionIt's not that she's wildly bullish on gold, but this is her hedge. Gold can perform well in a bunch of different scenarios such as a weak market, or a weak dollar, or if the US-China trade deal falls apart. Gold stocks have been very strong, which move ahead of the actual commodity. The central banks have all been buying gold.
DON'T BUY
DON'T BUY
October 15, 2018
Between July - October, gold strengthens. But he's not a gold bug at all. It's dead money, and a tax issue in the States. If there's a strong USD, then why buy gold? Maybe, just maybe, play gold as a very short-term play, but no more than that.
Between July - October, gold strengthens. But he's not a gold bug at all. It's dead money, and a tax issue in the States. If there's a strong USD, then why buy gold? Maybe, just maybe, play gold as a very short-term play, but no more than that.
COMMENT
COMMENT
November 17, 2017
What influence does the US$ have on gold, and are the producers moving? There is a pretty strong correlation with the US $. When gold was strong, the dollar tends to be weak, and vice versa. At some point, all correlations kind of break. He expects to see some sort of bottom in bullion in December. The chart has been very choppy and has really been going nowhere, but some of the producers have been moving much higher. (See Top Picks.)
What influence does the US$ have on gold, and are the producers moving? There is a pretty strong correlation with the US $. When gold was strong, the dollar tends to be weak, and vice versa. At some point, all correlations kind of break. He expects to see some sort of bottom in bullion in December. The chart has been very choppy and has really been going nowhere, but some of the producers have been moving much higher. (See Top Picks.)
BUY
BUY
August 25, 2017
It is in a longer term upward trend. Seasonal strength is from July to Mid-October. This year we have seen a nice little pickup. Technically it looks good as well. There is a good chance that we will see it break the $300 level by Mid-October.
It is in a longer term upward trend. Seasonal strength is from July to Mid-October. This year we have seen a nice little pickup. Technically it looks good as well. There is a good chance that we will see it break the $300 level by Mid-October.
COMMENT
COMMENT
July 5, 2017
Gold through an ETF? The most popular way of doing this is through GLD-N, the big gold bullion ETF. If you are looking at buying underlying commodities, and you have a reason why you want to speculate on the commodity itself, don’t use an ETF structure. It is easier to use the futures market.
Gold through an ETF? The most popular way of doing this is through GLD-N, the big gold bullion ETF. If you are looking at buying underlying commodities, and you have a reason why you want to speculate on the commodity itself, don’t use an ETF structure. It is easier to use the futures market.
PAST TOP PICK
PAST TOP PICK
June 5, 2017
(A Top Pick Oct 3/16. Down 3%.) You have to own gold all the time. It’s a form of currency and a proxy to the US$, which he thinks is bottoming out. Has reduced his gold exposure materially, but always has some on.
(A Top Pick Oct 3/16. Down 3%.) You have to own gold all the time. It’s a form of currency and a proxy to the US$, which he thinks is bottoming out. Has reduced his gold exposure materially, but always has some on.
