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GLD

SSgA Active Trust

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Actual EPS
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Summary

Market Cap: 56.7 Billion

Primary Exchange: NYSE ARCA

Website:

Shares Outstanding: 285 Million

Float: 0

Dividend: 0.0 (0.0%)

Beta: -0.03969705224756616

Sector:

Industry:

Ethical Flags

Longest drawdown: 2534 trading days

From: 2013-01-22 To: 2020-05-14

Lowest Point:

The End Of The Current Business Cycle Is Near; Here's What To Expect In The Next Recession

via: SeekingAlpha at 2019-06-13 13:29:28:000

Editor's note: Seeking Alpha is proud to welcome Aruba Institute of Investment Expertise as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Essential. Click here to find out more &… read more...

GLD: 'Something's About To Happen'

via: SeekingAlpha at 2019-06-13 10:01:29:000

Screen capture via Bloomberg TV "Something's About To Happen" The SPDR Gold Trust ETF's ( GLD ) chart was analyzed by Fidelity technician John Gagliardi on Bloomberg TV's "What'd You Miss" program on Wednesday. You can see the full segment here , but below is the key part for GLD long… read more...

Sentiment Speaks: Strap Yourselves In - Gold May Take Off Like A Rocketship

via: SeekingAlpha at 2019-06-13 04:54:50:000

The last three years have been extremely difficult for metals enthusiasts. If you speak with them, you would assume that gold has been going down for the last three years. Well, at least that is the impression you would get based upon their sentiment. But, in fact, all gold h… read more...

Why Gold Might Be A Better Investment Than Bonds Or Stocks

via: SeekingAlpha at 2019-06-12 16:24:55:000

During the last few days, we saw an impressive bullish momentum for gold ( GLD ). The stock broke out of its corrective pattern it was stuck in since February 2019 and supported by the 200-day simple moving average; the precious metal increased more than 5% within just five days before it ente… read more...

Resource Sector Digest: Plenty To Like About Metalla, But It's Time To Take Profits

via: SeekingAlpha at 2019-06-12 12:19:02:000

( Source ) We revisit a small precious metals royalty company in this week's… Resource Sector Digest ( Vol. 135 - June 3, 2019 ) Brought to you by Itinerant and The Investment Doctor . In case you missed out on previous editions of this newsletter, simply click here , he... read more...

Gold Shines Eventually

via: SeekingAlpha at 2019-06-12 11:14:59:000

Introduction The recent rise in gold price for the past month is the result of the alignment of positive major factors, such as falling interest rates, stocks, and the US dollar. Flight to safety is becoming the new theme as global conflicts heat up. This article intends to discuss the o… read more...

Why The Market Can Repeat The 2019 Rally

via: SeekingAlpha at 2019-06-12 07:47:22:000

At the end of 2018, the market was in a downward trend caused by China-U.S. trade tensions, explicit global macro deterioration and excessive tightening of monetary policy by the Fed. This set the table for the S&P 500 Index to close in negative territory as investors sold their equity pos… read more...

The Italian Job - Precious Metals Supply And Demand

via: SeekingAlpha at 2019-06-12 02:51:11:000

Lira Comeback? The price of gold jumped 35 bucks last week, and that of silver 48 cents. The dollar is now down to 23 milligrams of gold. Keith is on the road this week, so we will just comment on one thing. If Italy is serious about moving back to the lira, that will make the euro less so… read more...

Global Economic And Political Concerns Rise

via: SeekingAlpha at 2019-06-12 02:15:00:000

Last Friday night, after the markets had closed, US President Trump told the world that Mexico had agreed to a deal that would avoid the spread of protectionist measures. The US leader had used tariffs, not to level the playing field on trade, but to achieve cooperation from the Mexican govern… read more...

This Is Why Gold Is Surging Higher

via: SeekingAlpha at 2019-06-11 17:22:59:000

It was just two weeks ago that the SPDR Gold Trust ETF ( GLD ) was close to breaking down and heading to lower lows for the year. But since late May, it has staged a significant rally (up each of the last 8 trading sessions) and suddenly GLD is sitting near highs from earlier in the year. (… read more...

Gold Enthusiasts Don't Like Hearing This

via: SeekingAlpha at 2019-06-11 11:20:21:000

All markets are driven by the emotion of fear - fear of losing and fear of missing out (greed) - and it is hard to think of a more emotional investment than gold. It has been the 'go-to' refuge from recessions and from inflation since the beginning of modern times. In this piece, we argue that… read more...

Put Your Trust In Gold

via: SeekingAlpha at 2019-06-11 09:22:17:000

Americans trust in institutions, from the federal government to banks to the news media, has been deteriorating for decades. Sixty years ago, three quarters of Americans expressed faith in the government to do the right thing most of the time or just about alw… read more...

What Gold, Treasuries And The Dollar Are Telling Us

via: SeekingAlpha at 2019-06-11 05:41:40:000

"I really think that people never go wrong by telling the truth." - Sydney Pollack The economy continued to flash warning signals this week. JPMorgans global composite PMI reading slipped into contraction territory falling to a 7-year low in the process. Oil ( USO ) continues its d… read more...

The 'True Fundamentals' Are Still In Gold's Favour

via: SeekingAlpha at 2019-06-11 05:08:16:000

Editor's note: Originally published at tsi-blog.com on June 10, 2019. After spending almost all of 2018 in bearish territory, gold's true fundamentals* (as indicated by my Gold True Fundamentals Model - GTFM) have spent all of this year to date in bullish territory. Refer to the following … read more...

A Fundamental Basis For A Gold Stock Turnaround

via: SeekingAlpha at 2019-06-11 04:47:35:000

One of the biggest obstacles facing gold in the last year was the weak outlook for many of the companies which produce gold. Revenue and earnings estimates for some of the top gold miners were subdued in 2018, and this kept the PHLX Gold/Silver Index ((XAU)) in a position of relative weaknes… read more...

Don't Hurry To Buy Gold

via: SeekingAlpha at 2019-06-11 02:08:15:000

Investment Thesis The analysis of the gold market's prospects amid the actual driver indicates the presence of strong support, but not the bull market, and, consequently, the SPDR Gold Trust ETF ( GLD ), which is tied to gold To begin with, what is not surprising. Gold is the commodity… read more...

Portfolio Composition: Short Commodity, Precious Metals; Long Rare Earths, Biotech

via: SeekingAlpha at 2019-06-10 23:35:41:000

According the CME FedWatch tool, Fed Funds futures markets are currently pricing in a 98.5% chance of the Federal Reserve lowering rates at least once this year. Breaking it down further, there is a 31.9% probability of 2 rate cuts and a 35.4% chance of three 25 basis point rate decreases, as … read more...

Gold, gold miners drop as investors return to risk-on mode

via: SeekingAlpha at 2019-06-10 07:40:54:000

Comex gold futures -1% to $1,332.50/oz., backing off last Friday's 14-month peak as the deal between the U.S. and Mexico to avert a tariff war sparks investor appetite for riskier assets. More news on: Sibanye Gold Limited, AngloGold Ashanti Limited, Wheaton Precious Metals Corp., Comm… read more...

Gold In Times Of Recession: Much Better Than Perceived

via: SeekingAlpha at 2019-06-10 06:26:40:000

The talk of recession is getting louder. In the space of just 6 months, consensus has gone from expecting two rate hikes in 2019 back in December, to now a 51% chance of a rate cut by July. Markets aren't expecting just a 25-basis point either. Fed funds futures are trading at a 32% chance… read more...

Gold's Multi-Decade Bull Market Has Steeper Climbs Ahead

via: SeekingAlpha at 2019-06-10 03:31:23:000

Gold vs. World Currencies In a previous article, I had written about golds cheap price in currencies around the world. That is not to say that gold has not done well recently in different world currencies, just that it has underperformed relative to the massive printing conducted… read more...

Gold Climbs To The Highest Level Since February

via: SeekingAlpha at 2019-06-10 02:00:00:000

On the final trading session of May, the COMEX gold futures market broke a bearish price pattern that had been in place since February 20. Over three months, the yellow metal did nothing but make lower higher and lower lows falling to $1273.20 on the active month August futures contract on May… read more...

Junior Gold Miners: Gold Price Rally Is Perfect Timing For Summer Drilling Season

via: SeekingAlpha at 2019-06-10 01:38:59:000

The current gold price rally ( GLD ) ( PHYS ) is coming at a perfect time for junior gold miner stocks ( GDXJ ) ( JNUG ) ( GDX ). The true junior gold miners are companies who own properties and projects that their geologists' research has indicated to have the potential to host significant … read more...

Yes, Gold Is Still A Flight To Quality

via: SeekingAlpha at 2019-06-09 21:43:13:000

By Scott Bauer At A Glance Recent equity volatility shows golds allure as a store of value remains strong Growing or declining economic growth in developed countries is still a strong signal for gold Gold can play an important role in anyones portfolio from the i… read more...

Price Increases In Gold Are A Warning Sign For The Broader Market

via: SeekingAlpha at 2019-06-09 16:50:42:000

Intro Since Trumps May 30 tweet about possibly imposing a 5% tariff on Mexico, the gold market, which I will be using the ticker ( GLD ) when referencing this commodity, has increased 3.44%. This is slightly higher than the 2.04% gain the S&P 500 ( SPY ) had in this same time p… read more...

The Big Three Risk Factors: The Fed, China, Corporate Debt

via: SeekingAlpha at 2019-06-09 14:30:06:000

The Evolving Role of the Federal Reserve The market is on a weird ride. Word play seems to be the market mover of choice recently, with several of the President's tweets about specific companies or tariffs moving the stock market . More recently, Federal Reserve Chairman Jerome Powell's ann… read more...

The Gold ETF Sets 2019 High As Commodities And The Dollar Slump

via: SeekingAlpha at 2019-06-09 10:34:58:000

Here are the daily charts for the gold, commodities and the dollar ETFs. The gold ETF tracks the spot price of gold and is said to be backed by gold bars in vaults in London. SPDR Gold Trust ETF (NYSEARCA: GLD ) Courtesy of Refinitiv XENITH The gold ETF ($126.59 on June 7) … read more...

It's Buy-The-Dips Time In Metals And Miners - David Brady (07/06/2019)

via: SeekingAlpha at 2019-06-09 06:07:06:000

By David Brady I am expecting gold to test the resistance zone between 1,370-80 next with a healthy pullback to follow. But I do not recommend anyone short gold in this market. As the Elliott Wave theorists put it, a Wave 3 (or C) is under way in gold and any pullbacks are to be bought und… read more...

Gold, Silver And The Mining Stocks Are Showing Signs Of Life

via: SeekingAlpha at 2019-06-09 05:28:31:000

"Shanghai Gold will change the current gold market with its 'consumed in the East but priced in the West' arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed." - Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014 T… read more...

A Surprise Move In Gold

via: SeekingAlpha at 2019-06-09 03:03:59:000

By Pater Tenebrarum Traders and Analysts Caught Wrong-Footed Over the past week, gold and gold stocks have been on a tear. It is probably fair to say that most market participants were surprised by this development. Although sentiment on gold was not extremely bearish and several obs… read more...

Sorry Permabulls, It's Not Different This Time - Got Gold?

via: SeekingAlpha at 2019-06-09 01:46:22:000

An inverted yield curve has historically been the most accurate indicator of an impending or concurrent recession. The inversion during late 2006 and most of 2007 is a good example. Studies have shown that curve inversions precede a recession anywhere from 6 months to 2 years. I would argue th… read more...

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