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NYSEARCA:GLD

SPDR Gold ETF (GLD)

384.30
-2.82 (0.73%)
as of Jun 18, 2026, 11:58:38 pm Market Open.
81 watching
0
COMMENT
What to buy in gold? Gold as a commodity is enigmatic. Sometimes it behaves like a currency. Sometimes it trades in synch with the market, but historically is a haven during turbulence. In gold mining, there are far, far more bad companies than good compared to other industries. Be careful owning miners--there be strikes, labour problems, landslides. Look at GLD or buying the bullion. He prefers owning a royalty play. On a given day, some mining stocks will rise while others fall. Be conservative. Don't buy junior minors if you're a novice in gold.
BUY
He uses this ETF since it is the largest and most liquid. It doesn't have the lowest MER though.
TOP PICK
The Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.
COMMENT

Gold? He likes gold as a safe haven. He thinks it could head to $2000 per oz, especially if interest rates continue to fall. He prefers owning the GLD ETF -- why take unforseen operational risk? He also holds Kirkland Lake.

PAST TOP PICK
(A Top Pick Dec 04/19, Up 14%) Gold hit his $1,700/ounce target today so he's no longer excited by it--unless you think the virus will get much worse. This is a bet on rising volatility, and he doesn't know if that will happen. Rather, he expects a snapback or volatility to decline. Mid-Dec though February is seasonality for gold. The trend is still positive.
TOP PICK
He projects $1,700 gold. Dec.15-Feb.24 is GLD's seasonality. It's had a tremendous breakout and hasn't sold off much, which is a big positive. Also, the Chinese buy gold for Chinese New Year. Volatility from geopolitical fears like the UK election are another tailwind.
SELL
Precious Metals. Gold / Silver. He has held gold stocks a lot in the past and for a good part of this year. He then sold earlier in the year. His outlook is not good.
COMMENT
He uses it because it is the largest ETF to play gold bullion. There are others with less MER but he uses this one. The problem with India is that their currency has lost 5% per year and that is a problem.
COMMENT

XGD-T vs HEP-T vs GLD-N. XGD-T is global, primarily Canadian gold stocks. HEP-T is based on futures contracts, a more pure play. GLD-N holds physical gold. Not bullish on gold, but will trade it seasonally.

TOP PICK

It's a diversifier for an equity portfolio. Combination of lower rates and lower dollar means that gold will keep going. We can do 1600 on gold, just not sure of the timeframe.

COMMENT

He does not generally buy ETFs. Gold producers have a long history of messing up their own good fortune. There are often operational disconnects between the share price and bullion prices. He would prefer to play gold with GLD-N. He feels doing so creates a good hedge against other asset classes. If we head into recessionary pressures, holding GLD-N could play well. Don't hold more than 5-6% of your portfolio in gold.

DON'T BUY
DBO-N & GLD-N. Commodity-driven ETFs. They were very popular when the commodity super cycle was raging. A lot of them have been closed since then. You have to look at them from a speculative point of view when you value them. He sometimes includes them in special strategies. There is a low chance of a super-cycle emerging. They will be range bound.
DON'T BUY
Bullion exposure? He sees gold as money. He owns gold. The speculation will come from the producers. He buys Sprott and stays away from GLD. These are long term strategies.
WAIT
He was very bullish on gold in the fall. There was strong seasonality. The smart money was buying there. These are two strong positives. Into March to May it will probably not be that strong. Smart money has been selling recently. He thinks it is too late to buy and it is time to trim.
TOP PICK
It's not that she's wildly bullish on gold, but this is her hedge. Gold can perform well in a bunch of different scenarios such as a weak market, or a weak dollar, or if the US-China trade deal falls apart. Gold stocks have been very strong, which move ahead of the actual commodity. The central banks have all been buying gold.
Showing 16 to 30 of 158 entries