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Gold Weakens After FOMC Minutes
Article By: Arkadiusz Sieroń
Thursday, February 21, 2019 9:57 AM EST
Although divided on future interest rate hikes, the Fed is united when it comes to the end of quantitative tightening.
In this article: GLD
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Crude Oil Prices Aim To Extend Gains On US-China Talks, EIA Data
Article By: DailyFX
Thursday, February 21, 2019 4:52 AM EST
Crude oil prices rise amid a flurry of supportive headlines.
In this article: GLD, OILB
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Elliott Wave View: Gold Looking To Break 2018 High
Article By: Elliottwave Forecast
Wednesday, February 20, 2019 11:18 PM EST
The next logical swing target for the yellow metal is to retest the 2018 high at the $1360 area.
In this article: GLD
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Trading Against The Trend
Video By: Joseph James
Wednesday, February 20, 2019 11:00 PM EST
Crude Oil is bullish with a trading-range and a flag pattern on the chart, which tells me to look for opportunities to buy below the range using a combination of both chart patterns on Thursday morning.
In this video: FXE, GLD, OILB, NDX, SPX
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Gold Price Forecast: 2018-High On Radar Amid Overbought RSI Signal
Article By: DailyFX
Wednesday, February 20, 2019 11:46 AM EST
Gold rallies to fresh yearly highs despite hopes of a U.S.-China Trade Deal, and recent price action brings the 2018-high ($1366) on the radar as the bullish momentum appears to be gathering pace.
In this article: GLD
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$GLD

Fed Hike In March May Not Be Bad News For Gold
James Madison 3/8/2017 6:13:56 AM

Depending on what ETFs one might have held or simply Gold. Fanfold, $GLD, $JNUG and so on!

The Next Big Catalyst For Gold
Duanne Johnson 3/8/2017 5:56:54 AM

Sounds good to me! $GLD $GDX

Why Gold Is A Sure Thing In 2017 (SPONSORED POST)
IB Trading 3/7/2017 8:43:46 PM

Very true Gary, just as there's not such thing as a free lunch, there's never a sure thing and one must always look at the considerations. Overall, I think #gold looks promising though $GLD.

Counter Trend Moves Underway
Jim Trenery 2/14/2017 7:36:07 PM

I like your thoughts on these markets & especially #Gold. Every time the gold stocks take a dip they get bought up again without any follow through to the down side. What is it going to take to get GC to make an intermediate cycle low? Thanks. $GLD

The Best ETF To Profit From Gold
Jason Stewart 2/6/2017 8:56:13 PM

Moby, thank you for your insight into $SILJ. I've been looking for an alternative to $GLD ever since I did my due diligence into that fund and found it to be quite shady. GLD so famously claim that they are 100% backed but obstinately refuse to give investors access to any of the 'claimed' gold. Why? There are many profitable gold selling businesses in the world. GLD could even charge exorbitant fees for delivery of said gold but they don't for some strange reason.

The frequently referenced GLD subcustodian audit loophole makes me question this fund even more. What guarantees do we have that they have not leased the gold from someone else? i.e. HSBC. Are they leasing it to someone else? How many claims are there on the gold aka hypothecation? GLD's structure seems to be deliberately vague and intentionally flawed. GLD's custodian, HSBC, with their long history of fraud certainly do not inspire confidence either.

For anyone interested in GLD but have not heard about CNBC's Bob Pisani's visit to GLD's #gold vault, I recommend checking it out. His visit is documented in a segment called Gold Rush: The Mother Lode. This entire segment was organized by GLD's management to prove that their gold actually exists but the gold bar held up by Mr. Pisani displayed a serial of ZJ6752. This serial did not show up on the latest bar list during that time. Cheviot Asset Management’s Ned Naylor-Leyland discovered that this "GLD" bar actually belonged to ETF Securities.

Note that even on the subject of GLD's questionable insurance, they are not at all straightforward about it. Their representatives will not confirm nor deny the existence of GLD's insurance. I recommend anyone curious about this to confirm via calling GLD's publicly listed number for general inquiries at (866) 320-4053 and ask about this clause from the GLD prospectus: "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." Exactly how much of the fund is insured? They will not give you a straight answer and might even throw in some bizarre excuse which I've experienced. Why hide this information from investors? The people behind GLD certainly do not seem like the most honest types.

Charts Of The Day – Half Cycle Low Completed
Jim Trenery 2/2/2017 4:49:34 AM

#Gold looks like it could follow silver with breakout tomorrow 2/2 $GLD

This Gold Rally Is Suspicious
Jason Stewart 1/24/2017 4:00:50 PM

Simple Digressions, once again you are not being entirely truthful here. It wasn't until mid February when the holdings truly start plummeting. You can see $GLD's holdings increasing or holding steady throughout January. Either way, this period contracts your claim of this indicator being reliable. There are other times when this indicator failed too if you want to go further.

This Gold Rally Is Suspicious
Simple Digressions 1/11/2017 3:14:04 PM

I have already explained it. Starting from December 2012 $GLD holdings were decreasing. So were gold prices. What is the problem then?

Unless this indicator stops working I will be following it. What is more, I will tell you when it does not work any longer.

Silver & Gold; Bullish Message If They Jump Over This
Kyle Soto 8/10/2016 7:29:21 PM

"...against Gold ETF (GLD)"

I've been trying to do my due diligence into the SPDR Gold Trust (GLD). Anyone know why there is a clause in the $GLD prospectus that states GLD has no right to audit subcustodial #gold holdings? Why would the organizations behind GLD forfeit this right and create such a glaring audit loophole? I have not heard a single good reason for the existence of this loophole thus far. It also doesn't help that GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. There are a number of other red flags as well from what I'm reading:

"Did anyone try calling the GLD hotline at (866) 320 4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.

I remember there was a well documented visit by CNBC's Bob Pisani to GLD's gold vault. This visit was organized by GLD's management to prove the existence of GLD's gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this "GLD" bar was actually owned by ETF Securities."

Will Warren Buffett Really Let This Deep Value Slip By?
Bond Troubled Trader 3/16/2015 2:43:07 AM

Warren Buffett would never buy a $GLD stock ever and has many times correctly referred to gold as a ponzi scheme.

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