$GLD Newgold ETF. Consolidation lower or bullish flag ?Is this consolidating lower or are we seeing a bullish flag . If this is indeed a bullish flag, a break would open the 4600 target. One to watch.by KoosKanmarPublished 111
Investing in the Absa Gold ETF listed on the NSEHello, Investors in Kenya and the wider East African region have long had the opportunity to trade in Exchange Traded Funds (ETFs) following the launch of the Absa NewGold ETF on the Nairobi Securities Exchange (NSE). This groundbreaking ETF, also listed on the Johannesburg Stock Exchange (JSE), has enabled investors to invest in an instrument that tracks the price of gold bullion, providing a stable and reliable investment option. The Barclays NewGold ETF, a product of NewGold Issuer (RF) Limited, with Barclays Financial Services Limited (BFSL) as the authorized representative in Kenya, trades like a normal equity security and is subject to similar tax treatments, denominated in Kenyan Shillings (KES). The ETF's price reflects the KES equivalent of the international market price of gold in USD. Each NewGold security corresponds to approximately 1/100th of an ounce of gold held in a secure depository, backed by physical gold, ensuring its value aligns with the gold market. Since its introduction, the NewGold ETF has positioned Kenya as a significant player in the ETF market within the Barclays Africa Group. Valued at approximately USD 1.4 billion at launch, it remains the largest gold ETF in Africa and one of the largest globally. The initial offering of 400,000 units valued at nearly half a billion shillings demonstrated strong market potential, with continued growth over the years. This ETF is a critical product of financial innovation, common in developed markets, offering benefits such as risk diversification, portfolio diversification, and ease of transaction. The NSE continues to support the growth of the ETF market through dedicated business development and public education programs, encouraging more investor participation. First listed in South Africa in 2004, the NewGold ETF has successfully expanded to Botswana, Nigeria, Ghana, Mauritius, and Namibia. Managed by NewGold Manager (Pty) Ltd, the ETF ensures that the gold is of South African origin, securely held by ICBC Standard Bank, insured, allocated, and independently audited. For investors looking to diversify their portfolios and invest in a stable asset, the Barclays NewGold ETF remains an attractive option. Kenya's robust position as a leading stock market hub in Sub-Saharan Africa, now enhanced by its established ETF market, offers a promising investment landscape for both local and international investors.Educationby thesharkkePublished 3
#GLD Newgold etf on the cusp of a massive breakoutNewGold ETF which tracks the rand price of Gold has been knocking hard on the R360.00 level. A breakout of this level should see an explosive move upwards which possibly supports the longs i am seeing in DRD and AngloGold. The break of the flat top triangle targets R386 which is an approximate move of 7% in the rand price of gold.. Good, especially for our local miners such as DRD, Harmony and Pan African #DRD #HMY #PANLongby MarcoOlevanoUpdated 222
GLD Weekly BreakoutGLD showing signs of Bull trend not only is the weekly in reverse H&S but in breakout mode as well volatility is up and Bitcoin is Bearish , retreating thus breaking the link with Gold as a hedgeLongby surecanweightUpdated 221
$GLD Newgold ETF Bull flag breakNewgold target is 290, although from experience I know that precious metals rips can be vicious and overextend targets by considerable margins at times.Longby KoosKanmarUpdated 1
NEWGLD - ObservationAn inverted head and shoulders has developed on the NEWGOLD etf The instrument does well on a weaker rand / stronger gold price.. NB: This can be quite a volatile instrument to trade. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:GLDby Trader-DanPublished 663
$GLD Newgold ETF. Flag buildingBullish looking flag building. A break would open a 29000 target on this chart. Wait for the break. by KoosKanmarPublished 0
Trade recommendation in Investors Monthly from March 2020Worked out well... but now the game is up.by HerenyaPublished 0
GLD LongGLD about to turn on afterburners Elliot 5 th Wave set up for perfect breakout ? what will be the trigger only time will tellLongby surecanweightPublished 2
$JSEGLD Newgold ETF. Zooming past technical targetsNewgold has reached and extended way past bull flag technical targets. Maybe time for a breather sometime soon ? Gold is on fire and ZAR weakness is adding oil to this fire.by KoosKanmarPublished 4
GLD ETF - Long Idea- Attractive setup for a LONG or to add to a trend position . A break thru the top longterm trendline will open alot of space to move - GLD ETF is still in an uptrend and a good hedge against ZAR weakness -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 8
GLD Crunchtime tight bollinger and RSI SqueezeGLD Crunchtime tight bollinger and RSI SqueezeLongby sahikengearPublished 4
GLD LONGGLD consolidation almost completed bounce expected with upside Longby surecanweightPublished 229
GLD - Pullback in progress- After a fantastic run since posting the idea, we have reached an overbought level and breaking below the 20 day moving average . - I will be locking in profits and looking to buy again if we can test the 50 day moving average and find support or if price action changes in the next few days ahead. - Note that a weakening dollar has a negative effect on this ETF. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-DanPublished 7
GLD LongGLD Resistance reached possible bounce in store LTR breakout will bring further accumulation or short term reversalLongby surecanweightPublished 5
GLD LongGLD Long FIB Analises Long Continuation on Daily after closure above ResistanceLongby surecanweightUpdated 7
NEWGOLD - Monthly Observation- This ETF has been a star performer since we posted a long trade on it (link below) - Currently breaking through a trendline that spans back to 2006 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-DanPublished 8
NEWGOLD - Continuation pattern Breakout- As the rand weakens and gold price is increasing, this ETF has been a solid performer - Price has broken out of the diamond pattern and signals a continuation of the current up trend JSE:GLD -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 9
$JSEGLD Newgold. Target reached, but sticking to the trend.235 Target reached, but going to let this one run a bit until I see some bearish/consolidation signals. Trading this trend right to the end. Longby KoosKanmarPublished 9
$JSEGLD Newgold Still looking bullishNewgold is looking bullish on the back of a risk off market. Target 235.Longby KoosKanmarPublished 10