Expired GLD Weekly outlook. 5th WK OCT 2024Expired GLD Weekly outlook. 5th WK OCT 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 253.32
This Week Target Price: 254
Strike Price: 257.71 on OCT 30, 2024
Upper Range: 258.17
Lower Range: 250.97
Key stats
About SPDR Gold Trust
Expense ratio
0.40%
Home page
Inception date
Nov 18, 2004
GLD is the first to market to invest directly in physical gold. The product structure reduced the difficulties of buying, storing and insuring physical gold bullion for investors. Actively traded, the shares provide deep liquidity. NAV for the fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), so GLD has an extremely close relationship with spot prices. Its structure as a grantor trust protects investors, trustees cannot lend the gold bars. However, taxes on long-term gains can be steep, as GLD is deemed a collectible by the IRS. Also, GLD's NAV has a larger handle, which corresponds to more gold exposure per share. As such, those impacted by per-share trading costs may prefer GLD over similar funds.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Portfolio diversification - 5-10% in GoldWe can see from the long term monthly chart that it took more than a decade for the prices to go from low of 98 to 184 before it finally broke out in March this year. The price has been rallying non-stop thus far and I believe we have yet to see the peak yet.
Some investors like physical gold while
Gold vs Commodities: Monitoring Relative Strength in Hard AssetsIntroduction:
The commodity sector spans various areas, including energy, agriculture, livestock, and metals. However, focusing on the most promising areas can lead to more effective investment strategies. One key ratio to monitor is gold AMEX:GLD versus a broader commodities basket (DBC). This ra
Weekly Analysis of Gold ETF GLD: Cup and Handle Price Target andWeekly Analysis of Gold ETF GLD: Current Bull Trend Following Cup and Handle Formation
Introduction
The SPDR Gold Shares ETF (GLD) has emerged as a pivotal investment vehicle for those seeking exposure to gold, especially amidst ongoing economic uncertainty. A thorough technical analysis reveals a
GLD - Inverted head and shouldersInvesting in the SPDR Gold Shares ETF (GLD) offers several long-term benefits:
1. **Inflation Hedge**: Gold historically performs well during periods of inflation, protecting against the decline in currency value.
2. **Safe-Haven Asset**: Gold is often seen as a refuge during economic or geopol
GLD: Short-Term Weakness, Long-Term OpportunityGLD is showing weakness today, confirming that the strong upward trend is now in a phase of consolidation or temporary correction. This phase could present interesting entry points, but in the short term, the acceleration of the declines and the shift of previously bullish indicators to neutral sign
Golds Super Wave 2.0Gold's incredible symmetry on this Monthly view of GLD begs the question : Is 2005-2011 the dress rehearsal for our 2018-2025 Super Wave 2.0
GLD too stretched... time for some pullback Gold bugs/bulls are running too fast, time for some quick pullback soon.
GLD and Oxy inverseThis is why I am short GLD and long oil, a combo of oxy being undervalued, and crude being oversold. As the market absorbs this rate cut I expect pumps from oil and dumps from gold.
Summary:
Put spreads on Gld
Call spreads on Oxy
GLD rejection soonGLD looks like it might reject this golden fib soon here on overheated price action. People have flocked to gold the last several months as recession fears grow. I believe the market is pricing in a 25 basis point rate cut, when we get 50, risk will increase and GLD will drop. I believe this will be
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Displays a symbol's price movements over previous years to identify recurring trends.
