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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
DON'T BUY
Gold ETF. He prefers playing gold where it is US$ hedged, which is available through HBP gold ETF. Doesn't see any point in trading gold if he is going to make money on the commodity but lose a good portion of it on the currency.
TOP PICK
(A Top Pick Feb 17/09. Up 12.9%.) SPDR Gold ETF. Gold is in a good long-term trend. Can be quite powerful in a deflationary environment and a lot of currency fluctuations.
PAST TOP PICK
(Top Pick Dec 01/08, Up 45.5%) Changed for XGD-T because of Canadian dollar. Also he was uncomfortable with it because of futures. Wanted to come back to Canada.
PAST TOP PICK
(A Top Pick Feb 5/09. Up 48%.) Bought Jan 90 Calls, which were trading at $22.25. His cost was $15. He would sell these now. If you like gold, this is probably not a bad ETF to have.
DON'T BUY
This is the obvious choice if you want to hold physical gold but has currency risk. You might want to take a look at HBP Comex Gold ETF (HUG-T), which is hedged against the US$ so you get the full event each of the rise in gold.
TOP PICK
SPDR Gold Trust ETF. Every portfolio should have 2% to 5% in gold. Watch for the technical analysts not to ring the bell that this has formed a head and shoulders bottom, where you break the neck line and market technicians will start talking about a move to $1200-$1300. Will rise with weakness in the US$.
BUY
Would have 10-15% in gold. GLD-N is the best way to play it.
PAST TOP PICK
(A Top Pick July 17/08. Down 2.17%.) Has been disappointing that gold has not gone through $1000. Seasonally we are in a weak period. Expecting a pretty clear go from the fall and into spring.
COMMENT
The problem is that when the US$ falls gold appreciates and your return in Cdn is zero. If you have a strong view against the US$ you should use the Claymore Gold Bullion Trust (CGL.UN-T). If you don't, you could use this either one.
DON'T BUY
Day to day, we are still in the environment where gold is in vogue with a lot of chatter. He is a bit concerned that a lot of people think it will break $1000 and go much higher. The main reason people are talking about gold is because of the US$ and the deficit. He would rather own uranium or oil as a hedge.
PAST TOP PICK
(Top Pick Oct 6/08 Up 3.14%) Modest exposure to gold in portfolios is warranted (10-15% of the equity exposure)
TOP PICK
Top Short
SELL
Bearish on Gold, selling short. Hasn’t traded a gold company, long or short, for a long time.
TOP PICK
(A Top Pick July 17/08. Down 3.4%.) Bullion in this environment can do well on many different scenarios. Good hedge against inflation, deflation, further financial disruption, etc. Hopes to be out of the position by the end of this year.
PAST TOP PICK
(A Top Pick April 2/08. Up 0.9%.) Gold is a terrific long-term bet. Sold and replaced it with Canadian iUnits Gold (XGD-T). Concerned when main custodian was not responsible when sub custodians delivered gold to him. Raised a huge yellow flag. (See Top Picks.)
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