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 $146.00 short put and a strike $141.00 long put offers a potential 24.69% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $146.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock dropped below the $141.00 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 above 80 which suggests that the stock is in overbought territory.
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
3 Mining Stocks to Buy
Fri, 10 Jan 2020 19:57:19 +0000
Last year was great for owning risk assets. Yet with more than a few compelling reasons to hedge Wall Street's enduring and endeared bull market, it's time to consider a portfolio hedge with mining stocks. Today we'll look at three risk-adjusted plays to profit and smartly diversify.The historic bull run in equities is running on fumes as we begin 2020. More than a decade since the financial crisis crippled economies and the stock market, investors are partying harder than we've seen since 1999.We know how that played out.InvestorPlace – Stock Market News, Stock Advice & Trading TipsThe well-defended rally, which in hindsight became known as the Dot.com bubble, saw even the best and biggest companies like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) hammered in the aftermath. Of course, today is obviously different than that era's pricing miscalculation. And for the better. Nonetheless, today's environment has many of its own risks that shouldn't be ignored. * 7 Inflation-Beating REITs to Ground Your Income Portfolio The thing is, now and with trillion dollar plus market caps in the rear-view mirror, a dazzling 2019 rally in hand led by dizzying gains in AAPL and MSFT, kicking the tires isn't unreasonable. Moreover, with frothy market multiples questionably pricing in more good times to come and political instability offered in spades both inside and outside the White House, buying into a low-correlated bull market just underway in mining stocks makes total sense. Mining Stocks to Buy: iShares Gold Trust (GLD) Source: Charts by TradingViewThe yellow metal proxy iShares Gold Trust (NYSEARCA:GLD) is the first of our precious metals stocks to buy. Gaining direct exposure to the underlying hard asset without the potential headaches of company-specific risks, as well as GLD stock's top-notch liquidity makes this vehicle a terrific choice.Technically, a buy decision in this precious metals stock is made even easier in today's market. Shares in January have staged a breakout from a three month lateral consolidation pattern to multi-year highs. The observation is that GLD stock's breakout is the beginning of a momentum-driven second leg. If correct, shares should conservatively rally toward $170 over the next few months.GLD Stock Strategy: Use momentum to your advantage. Wait to buy GLD stock if an overbought monthly stochastics can regroup and form a bullish crossover. I'd also require this precious metals stock to maintain what I'd label "pattern and pragmatic price support" above $140 as a prerequisite for purchase. Pan American Silver (PAAS) Source: Charts by TradingViewPan American Silver (NASDAQ:PAAS) is the second of our precious metals stocks to buy. Don't let the name fool you. While primarily a silver mining company, PAAS stock also produces and sells gold, zinc, lead and copper. More importantly, it would be even more foolish to overlook this precious metals stock's formidable relative strength. And right now Pan American's technical story just got better. On the daily chart shares have confirmed an oversold pullback entry within PAAS' market-leading and sturdy-looking uptrend. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever PAAS Stock Strategy: Buy this precious metals stock today. I'd advise $25 as a spot to take initial profits. Conversely, if today's confirmed pullback falters, an exit beneath the pattern low is smart business off and on the price chart. Sibanye Gold Limited (SBGL) Source: Charts by TradingViewSibanye Gold Limited (NASDAQ:SBGL) is the last of our three precious metals stocks to buy. This gold and diversified metals play was a technical standout in 2019. Follow-through in 2020's early going has been checked by SBGL stock's lifetime 50% retracement level and a tight layer of price action acting as resistance. In our view, today's hesitation is temporary and overbought conditions will continue to reward the more daring.SBGL Stock Strategy: Buy this precious metals stock on a move above $10.65. This entry looks to buy into momentum as shares clear resistance. To ensure investors aren't left holding fool's gold, keep a stop beneath $9.50 to avoid an undesirable change in technical character and unwarranted monetary exposure.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 15 Stocks to Buy in 2020 * The 7 Most Important Companies That Didn't Survive the 2010s * 4 Mega-Tech Stocks Reaching for the Sky The post 3 Mining Stocks to Buy appeared first on InvestorPlace.
Yes, Data Confirm 2019 Was Kind to Gold ETFs
Thu, 09 Jan 2020 16:05:16 +0000
In terms of performance and inflows, gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM), SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEARCA: IAU) and others, enjoyed stellar runs …
Gold's Santa Claus Rally Followed By Surge On Iranian Tension
Wed, 08 Jan 2020 20:38:04 +0000
Gold prices have continued to surge this week as tensions between the U.S. and Iran drive investors toward safe harbors. Gold prices increased $50 in the opening trading days of 2020 and then reached their highest levels since 2013 in the wake of Iranian missile attacks on military bases in Iraq. Benchmark crude oil prices also rose following the U.S. airstrike that killed Qasem Soleimani, the leader of the Iranian Quds force.
Gold could hit $3,000 by 2025: expert
Wed, 08 Jan 2020 20:36:28 +0000
Gold prices pulled back after hitting $1,600 for the first time in seven years. But one strategist says it's only getting started.
Reduce Holdings in Gold Including Shares of Newmont Goldcorp
Wed, 08 Jan 2020 12:45:00 +0000
One of my themes in 2019 was to hold portfolio positions in gold with an allocation of 10%. Now it's time to reduce this allocation to 5% as Comex gold futures test their semiannual risky level at $1,610.6.
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