SPDR Gold Trust's most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 23.76% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $111.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.
The RSI indicator is at 70.65 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for SPDR Gold Trust
Digging into Gold Miners before Q3 2018 Earnings: What to Expect
Wed, 24 Oct 2018 11:33:40 +0000
Gold prices have declined ~6.4% YTD (year-to-date) after rising ~13.0% in 2017. Gold prices have failed to attract investors’ attention in 2018 despite many market uncertainties, including trade war tensions, the emerging market (EEM) currency crisis, and other geopolitical concerns. For more on gold’s price outlook, please read Why Gold’s Upside Potential Seems to Outweigh Downside Risks.
Gold Regains Some Luster as Volatility Surges
Tue, 23 Oct 2018 21:12:00 +0000
Fluctuations in the price of gold are driven by a slew of different factors. Here's how the relationships between gold and these factors generally tend to work: 1) When interest rates are rising, gold prices will often fall because gold is non-interest bearing. As a result, when the dollar rises in value, gold prices tend to fall, and vice versa.
Why Do Analysts Expect Widening Margins for Yamana Gold?
Tue, 23 Oct 2018 11:30:21 +0000
Yamana Gold (AUY) stock has outperformed its peers (GDX) YTD (year-to-date). Until October 11, the stock has lost 13.1% against Agnico Eagle Mines’ (AEM), Kinross Gold’s (KGC), and IAMGOLD’s (IAG) stock declines of 19.1%, 31.5%, and 32.2%, respectively. AUY’s operational performance has been strong in 2018.
How to Invest in Gold—Whether You’re Playing the Upside or the Downside
Fri, 19 Oct 2018 19:33:00 +0000
Investing in the yellow metal is often tricky, particularly in turbulent markets. Here’s how investors can play the upside or the downside.
Key Factors Driving Goldcorp’s Growth
Fri, 19 Oct 2018 11:30:56 +0000
After outperforming its peers in the first half of 2018, Goldcorp’s (GG) stock slumped. Its second-quarter earnings were also a miss on market expectations, as were its first-quarter earnings. Moreover, the overall sentiment on gold and gold stocks turned extremely negative starting April, hurting GG stock as well.
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