SPDR Gold Shares

  • GLD

  • $250.78

  • +1.67%

  • $248.20

  • $250.39

  • $247.86

Ticker Appearances

Fri, September 20, 2024 | 3:44PM ET

⚡ FlashInsights

Fri, September 20, 2024 | 3:44PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Gold still bullish. GLD likely to reach 249-50, then 267. Gold and Silver are both higher by more than 1.3% today, and precious metals outperformance has begun to accelerate this week following the genesis of the Fed's Rate cut cycle. GLD 1.67%  the Gold SPDR ETF, has begun to trade more parabolically on weekly charts, and given the lack of exhaustion signals on GLD weekly charts, this remains very well positioned to continue higher into October. However, monthly DeMark signals have just triggered (but not confirmed) monthly TD Combo 13 Countdown signals ("Sells") while Quarterly GLD charts are on a 7 count, with October kicking off a new quarter that could bring about an 8 (of a possible 9) Thus, this move in Metals very well might not continue all year. However, the next 4-6 weeks looks quite promising for both gold and silver, and gold. GLD 1.67%  ETF has upside targets at $249-50 initially, then $267 which i feel is possible over the next month before the start of some consolidation.
Tickers

Daily Technical Strategy
Fri, May 17, 2024 | 7:35PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Silver should be favored over Gold; Mining stocks gaining ground

EQUITY TREND BULLISH BUT I SUSPECT UNTIL BOTH DXY AND TNX BREAK TRENDLINE SUPPORT THAT THE RALLY COULD PROVE A BIT CHOPPIER INTO THE END...

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Mon, November 27, 2023 | 10:07AM ET

⚡ FlashInsights

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

Head of Technical Strategy
🔥 🔥
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 0.42%  andGOLD 0.83%  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 1.67%  andIAU 1.61%  are ETF vehicles for Gold, whileSLV 1.85%  is the IShares Silver ETF
Tickers
Mon, August 14, 2023 | 4:56PM ET

⚡ FlashInsights

Mon, August 14, 2023 | 4:56PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Daily cycle composites for Gold suggest that lows should be near. DeMark-based exhaustion signals are now in place for both GDX and GLD 1.67% . 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.
Tickers

Daily Technical Strategy
Thu, August 10, 2023 | 8:02PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Technical reasons why an Equity low is near

Schedule Update: I will be traveling on Friday (8/11) and there will be no Daily Technical Report nor Technical Video published. Daily technical strategy will...

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