$118.70 -0.48 (-0.40%)
12/3/2009 4:00 PM

SPDR Gold Trust (ETF) (GLD)

CAPS Rating: 3 out of 5

SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues SPDR Gold Shares (Shares) in Baskets, in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares.

Recs

1
Member Avatar martynanasi (99.33) Submitted: 6/10/2009 4:58:23 PM : Outperform Start Price: $93.13 GLD Score: +9.53

Bail out money and current deficit situation in US as well fed banks diversifying outside of treasuries are fundamental towards inflation going higher. Not a matter of if but when. Weak US dollar and rising treasury yield also will help toward this. These are all factors in favor of gold prices moving higher. For every 1% gold price moving higher gold equities tend to move 3-7% higher due to their leverage and inventories. Gold could push 1500/oz over the next 12-18months. Again drivers of gold proces are inflationary time and weak US dollar which therefore makes gold a hedge toward these factors including a store of wealth.

Report this Post 1 Comment
Member Avatar dodfool (< 20) Submitted: 7/17/2009 1:50:58 PM
Recs: 0 Rec This

Agree 100%. Look at the weekly chart of GLD. There is a H&S pattern that began developing in IQ08 and is now completing the right shoulder. Could finish by this Fall with major implications to the upside. Other precious metals are beginning to develop similar charts as the world's financial folks forecast the coming inflation.

Report this Post

Featured Broker Partners