To that end, the firm recently announced a 10-for-1 split in IAU shares.
The iShares Gold Trust ( IAU) shows that the daily starc- band was tested on November 2.
This has meant losses for commodity-backed ETFs like the SPDR Gold Shares (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU).
Investors should also consider the iShares Gold Trust ( IAU) which has a slightly lower expense ratio than GLD.
Pluto itself was demoted from full planet status following a vote at an IAU meeting in Prague in 2006.
The iShares Gold Trust ( IAU) is trading down 1.16%, while the SPDR Gold Shares ( GLD) trades down 1.25%.
Over the past few weeks, shares of the iShares Gold Trust (IAU) have returned to levels last seen in mid-January.
And the IAU had setup a committee to come up with a definition, and it was meeting in secret, basically.
That prospect proved too much for IAU members who took the historic decision last month to redefine the Solar System.
BBC: NEWS | Science/Nature | Astronomers name 'world of chaos'
Instead, the best place still looks like the commodity-backed ETFs, such as the SPDR Gold Shares (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU).
Exchange-traded funds like the IAU and GLD offer quick exposure to the metal, but the real action is in the mining and exploration companies.
Investors have been taking heed, noting the recent strength in the ETFs that track gold and silver like the GLD, IAU and SLV.
FORBES: Gold To Gleam As U.S. Spirals Into Fiscal Meth Addiction
No doubt, the bullion is piling up at the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
Yes, it helped to supercharge the values of the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
The daily on-balance volume (OBV) has been stronger on IAU than GLD on the recent rally as the downtrend, line g, is being tested.
The supreme irony is that if the split does somehow help IAU attract assets, SPDR can simply execute the same kind of split in GLD.
The team have said they would take the results of the vote into account when they propose their choices to the International Astronomical Union (IAU).
There has also been a surge in investment demand, as seen with the spikes in the SPDR Gold Shares (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU).
Actually, stocks like SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU) are already part of the core holdings for many Americans.
It is also getting much easier to find liquidity, such as with the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
For pure plays on the metal itself, three ETF options are the iShares Gold Trust (IAU), the SPDR Gold Shares (GLD), and DB Gold Fund (DGL).
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Gold, and its GLD and IAU derivative ETFs, had been in a pattern of lower highs on rally attempts and lower lows on pullbacks since October, until eventually plungjng sharply several weeks ago.
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In choosing a name along these hellish lines for P4, the IAU nomenclature committee will try to honor the wishes of its discoverer: planetary astronomer Mark Showalter of the SETI Institute in California.
MSN: Hell of a Choice: Cerberus Leads for New Pluto Moon Name
Interestingly enough, John thinks that you will not necessarily get the best results with exchange traded funds like the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
In fact, there has since been a wide-array of other gold-type ETFs that have hit the market, like the iShares Gold Trust (NYSEArca: IAU) and the ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL).
The "new" Solar System agreed at the IAU's General Assembly has eight planets - Mercury to Neptune - and at least three dwarf planets: Pluto, Eris and the largest asteroid in the Solar System, Ceres.
BBC: NEWS | Science/Nature | Astronomers name 'world of chaos'
Other gold-oriented ETFs include iShares Comex Gold ( IAU), PowerShares DB Gold ( DGL) and ProShares Ultra Gold ( UGL) Finally, you can invest in a company whose fortunes are tied to the yellow metal.
Most people opt for the uber-popular SPDR Gold Trust (GLD) or iShares COMEX Gold Trust (IAU), but many of the gold bugs I talk to eschew these ETF for physical gold or shares of gold miners.
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