The Bullish Case For The SPDR Gold Trust ETF (GLD)

Right now, GLD holds roughly 23.4 million ounces (728.33 tons) of gold, worth $27.7 billion. Investor interest in GLD ETF is positive for the year. The fund’s reserves are up 40.75 metric tons, or 4.6%, year to date, according to GLD’s website.

And now’s a great time to buy the GLD ETF. Krauth believes gold has sustained so much negative sentiment that prices may have bottomed.

“That doesn’t mean it will shoot higher, but it could mean we’ll start to see gradual price increases that will hold up,” Krauth said last month.

The Bottom Line: The SPDR Gold Trust (NYSE Arca: GLD) ETF is an easy, cost-effective way to collect profits as gold prices rebound.

Money MorningWritten By Diane Alter From Money Morning

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