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Stockchase Opinions

Dennis GartmanSPDR Gold ETFGLDSELLApr 16, 2009

Bearish on Gold, selling short. Hasn’t traded a gold company, long or short, for a long time.
$85.81

Stock price when the opinion was issued

$387.07

As of Jun 18, 2026. Market Open.

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PAST TOP PICK
(A Top Pick Oct 31/23, Up 2%)

Lower price point than similar products meant for retail investors. Recent pullback a good time to buy. Stronger US dollar tough on gold. Traditionally gold does well into the Chinese New Year.

BUY

The original gold ETF. It tries to hold physical gold, which is a good hedge against currency devaluation, inflation spikes and general uncertainty. Gold is struggling now, but it's a good time to buy this during weakness.

BUY

It's a long-term investment. Many bought gold last March out of fear of a slowdown and weakening dollar. If you still believe that then hold and don't sell.

SELL

He sold half in May as yield began to rise, and sold the rest today as GLD broke below the 100-day moving average, last seen in fall 2022. You want to own at least some gold now with the deflationary effect (from March's regional bank crisis). He may step back into this for the long term.

DON'T BUY

Not excited about gold, to be honest. Needs to see a deflationary catalyst but rates keep rising. Would prefer to own the metal, not the miners. Won't sell it though.

COMMENT

If gold holds above $1,900, the previous high, then be long in gold. But if gold falls below $1,900 after the Fed hikes, be very cautious.

SELL

Good option for gold ETF.
High liquidity.
Good long term investment (5-10 years).
Not buying at the moment. 

BUY

Sounds boring, but if you don't want to play the miners, you could buy some of this as part of your overall asset allocation. Big benefits to his client portfolios.

BUY

Good ETF for gold exposure.
If bullish on gold - good for investing. 

BUY

In a strongly disinflationary time, gold is the right trade. Stay long.

BUY
Gold has outperformed other commodities. Metals as a whole, he means. This is a trade. Good momentum now.
COMMENT
Best physical gold on the TSX Using GLD in the US. There is one equivalent on the TSX with a currency hedge but can't remember the ticker. Good exposure to the physical metal without the currency impact of trading gold in USD.
COMMENT
Gold. Has been bullish on gold for years. Given inflations, central bank policy and all the fundamentals should do well. It should not be correlated to equities. God should be trading at $2,500. Has been a frustrating trade. Crypto is affecting gold.
SHORT
Gold bugs, trim your holdings. The gold price hit the top end of her trading range today, so either take profits or short it.
BUY

GLD is the most liquid and actively traded one. It is a good way to hold gold bullions. If you want a currency hedge, he would use CGL. Gold stocks look cheap versus gold bullion right now.