NYSEARCA:GLD
171.13
2.15
(1.24%)
SPDR Gold ETF
GLD-N
Analysis and Opinions about GLD-N
Signal
Opinion
Expert
BUY
BUY
COMMENT
COMMENT
August 4, 2020
What to buy in gold? Gold as a commodity is enigmatic. Sometimes it behaves like a currency. Sometimes it trades in synch with the market, but historically is a haven during turbulence. In gold mining, there are far, far more bad companies than good compared to other industries. Be careful owning miners--there be strikes, labour problems, landslides. Look at GLD or buying the bullion. He prefers owning a royalty play. On a given day, some mining stocks will rise while others fall. Be conservative. Don't buy junior minors if you're a novice in gold.
Show full opinionHide full opinion
What to buy in gold? Gold as a commodity is enigmatic. Sometimes it behaves like a currency. Sometimes it trades in synch with the market, but historically is a haven during turbulence. In gold mining, there are far, far more bad companies than good compared to other industries. Be careful owning miners--there be strikes, labour problems, landslides. Look at GLD or buying the bullion. He prefers owning a royalty play. On a given day, some mining stocks will rise while others fall. Be conservative. Don't buy junior minors if you're a novice in gold.
BUY
BUY
July 17, 2020
He uses this ETF since it is the largest and most liquid. It doesn't have the lowest MER though.
Show full opinionHide full opinionHe uses this ETF since it is the largest and most liquid. It doesn't have the lowest MER though.
TOP PICK
TOP PICK
April 2, 2020
The Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.
Show full opinionHide full opinionThe Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.
COMMENT
COMMENT
March 11, 2020
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.
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.
PAST TOP PICK
PAST TOP PICK
March 9, 2020
(A Top Pick Dec 04/19, Up 14%) Gold hit his $1,700/ounce target today so he's no longer excited by it--unless you think the virus will get much worse. This is a bet on rising volatility, and he doesn't know if that will happen. Rather, he expects a snapback or volatility to decline. Mid-Dec though February is seasonality for gold. The trend is still positive.
Show full opinionHide full opinion(A Top Pick Dec 04/19, Up 14%) Gold hit his $1,700/ounce target today so he's no longer excited by it--unless you think the virus will get much worse. This is a bet on rising volatility, and he doesn't know if that will happen. Rather, he expects a snapback or volatility to decline. Mid-Dec though February is seasonality for gold. The trend is still positive.
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.
Show full opinionHide full opinionHe 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.
SPDR Gold ETF(GLD-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
SPDR Gold ETF(GLD-N) Frequently Asked Questions
What is SPDR Gold ETF stock symbol?
SPDR Gold ETF is a American stock, trading under the symbol GLD-N on the NYSE Arca (GLD). It is usually referred to as AMEX:GLD or GLD-N
Is SPDR Gold ETF a buy or a sell?
In the last year, 3 stock analysts published opinions about GLD-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for SPDR Gold ETF.
Is SPDR Gold ETF a good investment or a top pick?
SPDR Gold ETF was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-11-30. Read the latest stock experts ratings for SPDR Gold ETF.
Why is SPDR Gold ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is SPDR Gold ETF worth watching?
3 stock analysts on Stockchase covered SPDR Gold ETF In the last year. It is a trending stock that is worth watching.
What is SPDR Gold ETF stock price?
On 2021-01-15, SPDR Gold ETF (GLD-N) stock closed at a price of $171.13.
GLD is the most liquid and actively traded one. It is a good way to hold gold bullions. If you want a currency hedge, he would use CGL. Gold stocks look cheap versus gold bullion right now.