SPDR Gold Shares

  • GLD

  • $221

  • +1.03%

  • $220

  • $221

  • $220

Ticker Appearances

Mon, November 27, 2023 | 10:07AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Mon, November 27, 2023 | 10:07AM ET
Hope everyone had a wonderful Thanksgiving Holiday- Precious Metals providing some early morning gains this week and Gold surging to highest levels since this past Spring- As discussed in my pre-Thanksgiving report last Tuesday, this rally back to new all-time highs should be underway and both Gold and Silver are attractive for gains into year-end- Gold stocks likeNEM 2.30%  andGOLD 0.34%  and GDX set to close at the highest levels since early October- Given the stallout in stocks like NVDA, AAPL, GOOGL of late, precious metals might very well outperform Large-cap Tech over the next few weeks- GLD 1.03%  andIAU 1.08%  are ETF vehicles for Gold, whileSLV 0.28%  is the IShares Silver ETF
Tickers
Mon, August 14, 2023 | 4:56PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Mon, August 14, 2023 | 4:56PM ET
Daily cycle composites for Gold suggest that lows should be near. DeMark-based exhaustion signals are now in place for both GDX and GLD 1.03% . However, in recent years, Gold has often traded inversely proportional to Treasury yields, and it's thought that a downturn in TNX might be necessary before Gold can start to "shine" again.
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^Prices as of 2024-07-26 16:15:15