The SPDR Gold ETF (GLD) Continues To Add Record Holdings
“Gold rallied on Friday to near a record high, posting its biggest three-week gain since November as investors cut exposure to risks stemming from Greece’s debt crisis and tumbling global stock markets. Gold futures rallied in afternoon trade to the firmest since December 4 as volatile equities and currencies prompted nervous anxious investors to buy gold. Investors piled into gold exchange traded funds and coins and bars, with bullion holdings in the biggest gold-backed ETF (NYSE:GLD) rising 20 tons on Thursday, the biggest one-day gain since February 2009,” Reuters Reports.
“As a currency hedge and non-correlated asset, gold provides diversification as people are worrying about the euro, sovereign debt and the impact to the euro zone,” said Dan Denbow, co-manager of the USAA Precious Metals and Minerals Fund USAGX.O, which has $1.56 billion in mutual fund assets. “When you see the dollar and gold moving together, that’s a real indicator of safe-haven trade.”
“Investors expect gold to move higher after consolidating near $1,200. The precious metal has risen more than 4 percent this week. Gold is now about $20 below an all-time high of $1,226.10 an ounce set on December 3. Some analysts questioned whether gold can sustain its rally. They cited signs of stalling investment demand. Holdings of the world’s largest gold exchange-traded fund, the SPDR Gold Trust (NYSE:GLD), jumped nearly 20 tons to a record 1,185.787 tons on Thursday. Year to date, however, (GLD) holdings has gained just 50 tons,” Reuters Reports.
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Investors have turned to gold ETFs since the economy has been in uncertain times. They offer a great way to protect you against risk in your portfolio during uncertain times. We have put together some other ETF options for your viewing below:
LONG:
The investment ETF (NYSE: GLD) seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.
The investment ETF (NYSE: GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index. The fund generally normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry. The fund is nondiversified.
The Funds ETF (NYSE: GDXJ) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the “Junior Gold Miners Index”). For a further description of the Junior Gold Miners Index, see “Junior Gold Miners Index.”
The objective of ETF (NYSE: SGOL) the newly listed shares is to reflect the performance of the price of Gold bullion, less the Trust’s operating expenses. The Trust is open ended and is designed for investors who want a cost-effective(1) and convenient(2) way to invest in Gold as well as diversify their Gold holdings.
The investment ETF (NYSE: UGL) will seek to replicate, net of expenses, twice the performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund normally invests assets in financial instruments with economic characteristics twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective.
The investment ETF (NYSE: DGL) seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index – Optimum Yield Gold Excess Return. The index is a rules-based index composed of futures contracts on gold and is intended to reflect the performance of gold.
The investment ETF (NYSE: DGP) seeks to replicate, net of expenses, twice the daily performance of the Deutsche Bank Liquid Commodity index – Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.
The objective ETF (NYSE: IAU) of the trust is for the value of its shares to reflect, at any given time, the price of gold owned by the trust at that time, less the trust’s expenses and liabilities. The trust is not actively managed. It receives gold deposited with it in exchange for the creation of baskets of iShares, sells gold as necessary to cover the trust’s liabilities, and delivers gold in exchange for baskets of iShares surrendered to it for redemption. The trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act.
SHORT:
The investment ETF (NYSE: DZZ) seeks to replicate, net of expenses, twice the inverse of the daily performance of the Deutsche Bank Liquid Commodity index – Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.
The investment ETF (NYSE: GLL) will seek to replicate, net of expenses, twice the inverse daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund normally invests assets in financial instruments with economic characteristics inverse to the index. It may employ leveraged investment techniques in seeking its investment objective.
Related posts:
- John Paulson Sells 1/3 of Gold ETF Holdings As George Soros, Steve Cohen & Paul Touradji Buy Gold (GLD, SPY, IAU, DZZ)
- Dollar May Assist In Managing Gold & Silver Holdings (UUP, GLD, SLV)
- Was John Paulson Selling 1/3 Of His Holdings In The Gold ETF Too Early? (GLD, DIA, IAU, ABX, AUY, KGC)
- Gold Hitting Record Highs: Time To Buy The Undervalued Gold Miners (GDX, GLD, SLV, GG, ABX)
- Gold Prices: Look Out Below As The D-Wave Continues (GLD, GDX, GDXJ, IAU, DZZ)


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