Yet it is the GLD that has taken the lion share of the market.
The hourly chart of SLV is set up the same way as the hourly GLD chart.
Gold (GLD) finished in the green as a bit of fear is back in the market.
State Street created the SPDR exchange traded fund giants SPY and GLD.
All in all, the GLD is a convenient way to get exposure to gold.
Just pull up a chart for the past several years comparing the SPY, GLD and TLT.
FORBES: Occupy Wall Streeters Should Be Livid About Losing The Gold Standard
The SPDR Gold Trust ( GLD) broke its short-term uptrend (dashed line) last Friday.
Check out the GLD and SLV the day after the election to see what happens.
If that comes to fruition, then GLD is positioned for a huge price spike.
Special Offer: The SPDR Gold Shares (GLD) ETF is up 29% over the last 12 months.
The SPDR Gold (GLD) exchange traded fund is up 12.8% year-to-date ending July 18.
Special Offer: The SPDR Gold Shares (GLD) ETF is up 27% over the last 12 months.
That means managers are forced to sell investment positions, including GLD, to create liquidity.
Two days later GLD gapped below its 20-day EMA and it gapped lower again on Tuesday.
Traders can consider short selling gold ETF (GLD), silver ETF (SLV), and miner ETF (GDX).
The SPDR Gold Trust (GLD), the largest of the gold ETFs, also marked a key reversal.
FORBES: FOCUS: Gold Nearing Important Technical Chart Support Levels
The following chart shows the pattern being traced out by SPDR Gold Trust (GLD).
At this point I sold my GLD Friday, but it can go higher with silver.
Although the decline was modest, GLD is now down 8% since September recent highs.
FORBES: FTC: 'OK Google, You Get A Hall Pass' (And Other Quotes Of The Week)
The hourly chart for GLD allows us to zero in on the key support levels to watch.
The chart shows that GLD and SPY have been following the same pattern since the September highs.
FORBES: The Week Ahead: Can Energy Stocks Fuel The Next Market Rally?
So it embarked on creating an exchange traded fund (ETF), which became the SPDR Gold Shares (NYSE:GLD).
The other point occurred in mid-August when the performance of the TLT dropped below that of GLD.
The Spyder Gold Trust ( GLD) has now dropped below its 20-day EMA, which is now declining.
Gold via the GLD is up 3.3% for the week, silver via the SLV is up 9.3%.
FORBES: Troubling Times Ahead As Euro Politicos Finally Finish Vacations
By August 15, TLT was up only 0.6% for the year, and GLD was crossing above TLT.
For the Gold ETF (NYSE:GLD) it would be nice to see if this gap up can hold.
FORBES: Amazon Flows Back To Support, Apple Still Struggling
It has been the most logical fundamental case for SPDR Gold Shares GLD and iShares Silver Trust SLV.
FORBES: Dollar Not Doomed But You're Gonna Need More Of Them
The November highs in GLD were not confirmed by the MACD-His, as it formed lower highs, line 5.
It shows that GLD, SPY, and crude oil all surged in the first two months of the year.
应用推荐