New Gold ETF with a Difference
Merk Gold Trust intends to launch a new gold ETF, using the ticker OUNZ, with one key difference which sets it apart from the others. Shares may be delivered to the trust in exchange for physical gold. Read more here.
Sharp Decline in GOLD Mining ETFs
It seems that gold mining ETFs are being hit hard to day as can be witnessed by our Top 10 Gainers and Losers chart at ETF.com.
India’s Gold ETF Assets Nearly Triple Year Over Year
India, the world’s largest consumer of gold, saw gold ETF assets nearly triple, from November 2010 to November 2011. There are currently 12 gold ETFs in India, with the first gold ETF launched in 2007. For original article, click here.
Top ETF Gainers – Week ending 9/23/11
Amidst a week of extreme volatility, below is a list of some of the top ETF gainers for the previous week: ZSL ultrashort (leveraged-bear/inverse orientation) silver was up +59% for the week ERY 3x leveraged bear/inverse orientation energy sector +42.3% DUST 2x leveraged inverse/bear gold miners was up +24.7% for the week. GLL ultrashort (leveraged-bear/inverse) [...]
GLD Surpasses SPY in Total Assets
As reported by CNBC, GLD, the most popular etf for gold, has passed in total assets for the first time the historically most popular etf, ticker SPY, the etf for the S&P 500. Total assets in GLD have reportedly topped 76 billion, as gold has reached new all time highs above 1900 per ounce this week. [...]
Silver ETF Posts First Decline This Week
The iShares Silver Trust ETF (SLV) posted its first decline this week, closing at 36.51 minus 1.11% on Thursday, May 26th. Thus far in May, SLV has pulled back 22%, while the SPDR Gold Trust (GLD) has declined less than 3%. For original article, click here.
Gold ETFs May Suffer Notwithstanding WGC Claims
Recent assertion by World Gold Council about sustaining high demand for gold-based ETFs was met with doubt and skepticism. SPDR Gold Trust GLD and iShares Gold Trust IAU can sustain performance in event of sovereign nations and central banks taking advantage of the all time high prices. This would cause institutional investors to rely on [...]
Silver ETFs Showing Signs Of Recovery In February
Gold is often considered the safest and most precious option for investment purposes, but Silver has had a good run in the past 12 months in the ETF market. Market rumors about shortage of this precious metal saw heavy trading in these funds. iShares Silver Trust (SLV) saw heavy selling in January but recovered almost [...]
Gold ETFs get boost from Soros and Paulson
Billionaire investor George Soros increased his stake in SPDR Gold Trust (GLD) to 4.7 million shares worth $655 million. The latest filings with the SEC revealed no call options as opposed to the call option on 75,000 shares that had been disclosed earlier. The move by Soros was expected after his description of gold as the [...]
The Price of Gold ETFs – Rising or Falling???
According to the World Gold Council, the price of an ounce of gold in 2009 averaged $972.32 while the price of an ounce in 2010 averaged $1,224.52. Athough 2010 was the second-best year for exchange-traded products backed by gold, the net inflow fell 41% from 2009. Inflows into ETFs and other exchange-traded products have declined [...]
