SPDRGold Shares (GLD)

GLD (n.a.:Financial Services) ETF
pos +1.51
Today's Range: 113.39 - 114.87 | GLD Avg Daily Volume: 6,271,300
Last Update: 02/08/16 - 4:00 PM EST
Volume: 27,074,032
YTD Performance: 10.70%
Open: $113.67
Previous Close: $112.32
52 Week Range: $100.23 - $119.52
Oustanding Shares: 231,900,000
Market Cap: 25,641,183,000
6-Month Chart
TheStreet Ratings Grade for GLD
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 0 0 0 0
Moderate Buy 0 0 0 0
Hold 0 0 0 1
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 0.00 0.00 0.00 3.00
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
GLD Sector Avg. S&P 500
0.00 0.00 30.32
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
6.32% -7.78% -30.65%
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for GLD:
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for GLD.

Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands

Gold Shines in 2016 Real Money Pro($)

Gold is one of the strongest charts out there.
A weak U.S. dollar is pushing commodities higher across the board.
A weak U.S. dollar is pushing commodities higher across the board.
Money is flowing into the security despite the fact that its already overbought. You can still buy, but use an appropriate stop loss.  
The correlation between crude oil and equities has disappeared today.
Players to continue to put oil into storage, while metal inventories have sunk due to high rents.
I'm poised to act on GDX Feb. 19 and March 18, 13 calls, pending technical triggers.
Did I mention that the market has no memory from day to day? I took today's late afternoon schmeissing as a panic low and adjusted my long exposure in my portfolio appropriately and opportunistically. All the ingredients I look for coalesced this morning and early afternoon -- shock, panic, fear and immobility on the part of many investors. But this statement is very subjective and must be taken with a grain of salt! As I noted, it's not time to be fearful when others are fearful and the S&P Index had dropped from 211+ to 182. At 182 the S&P was undervalued (according to my calculus) for the first time in more than six months. At the low today, the S&P was down by about 11% year to date, which is in line with my expectation of a low double-digit decline for 2016. My "Fair Market Value" calculation, shown recently, is 1860. We closed exactly at 1860!  That said, it won't be smooth sailing and it likely will be volatile. This European Central Bank story might have triggered some buying midday. Who knows? The U.S. dollar was stronger and that took down some of the consumer staple stocks. Bonds were stronger, though off the day's highs. The two-year U.S. note dropped by four basis points. Most other maturities fell by a similar amount in yield. Municipals were firm as well. Closed-end municipal bond funds were a noted casualty today despite a better municipal market. Are they a source of funds, as they have held up well? High yield was down on the day, but iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was about $1 off of its low and closed down a half a buck after being down $1.50-plus. Blackstone/GSO Strategic Credit Fund (BGB) closed down 14 cents but still off the lows of the day. I added, as non-energy junk bonds are being priced for a relatively deep recession. Crude oil fell by nearly $2 a barrel. Natural gas was a nickel higher. Gold rose by $12 an ounce. I have sold my SPDR Gold Shares (GLD). Silver was a few pennies to the good. Wheat fell by two cents, corn rose by two cents and soybeans declined by a dime. Lumber was schmeissed, with a nearly $9 loss, or 4% Oil stocks were standouts to the negative side; my shorts Exxon Mobil (XOM) and Schlumberger (SLB) were the world's fair with losses in the 3% range. These shorts have done famously in the last few months, and I might be overstaying my energy shorts, but I did take them down. Banks were underperformers -- the target of systemic risk concerns (oil, currency and more). I believe those concerns to be misplaced and I have added today to already large long positions. Life insurance stocks got obliterated, again. I covered some Lincoln National (LNC) and MetLife (MET) at good prices. Retail stocks were standouts to the upside after recent weakness. Macy's (M) breached its 50- day moving average to the upside and Best Buy (BBY) rose 2.5%. Biotech also took a turn to the upside, with a nearly 3% rise led by gains across the board. (T)FANG saw all five components decline, including a wild trading day in Netflix (NFLX). I covered Facebook (FB) for a nice profit at $91.30; it closed $3 a share higher than my cover. NOSH was mixed, with Nike (NKE) strongest of the acronym. CRABBY's six components were lower, but the percentage changes were not large. Twitter (TWTR) was the subject of takeover rumors and traded above $19, closing at around $17.40 for a 4% gain. Potash (POT) managed a small gain but faded toward the close. Comparable Monsanto (MON) was weak. It looked to me like a selling climax at a
Another day, another win for the bears. Soaring futures action succumbed to more selling in the afternoon. A late-day stick save prevented the 2016 streak of down days to continue. But the S&P was only up by one handle. As Grandma Koufax used to say, "Dougie, it could have been worse!" The U.S. dollar weakened, but dollar-sensitive exporters and multinationals prospered absolutely and relatively. Oil was down another $1.17 per barrel. Natural gas was flat. In oil equities, Exxon Mobil (XOM) gave up some of its recent gains; I sold my U.S. Oil Fund (USO) last week. Gold was down $3.70. I sold my SPDR Gold Shares (GLD) last week. Agricultural commodities were mixed, with wheat down a tad but corn up four cents and soybeans up two cents. Oats rose 10 cents and lumber was up 1%. Bonds were for sale; most maturities gained two basis points today in yield. Municipals were flat, closed-end municipal bond funds weakened, and high yield was junky; iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was down 27 cents and SPDR Barclays High Yield Bond ETF (JNK) was down 16 cents.    Blackstone/GSO Strategic Credit Fund (BGB) weakened ... again. It can't get out of its way despite the elevated yield and wide discount to net asset value. I added small today. Banks were mixed after better results at Bank of America (BAC). I will have an update and assessment (hint: there is no change in my view) on the BAC, Citigroup (C) and JPMorgan Chase (JPM) quarters in the next two days. Life insurance stocks (I am short) don't appear to have a bottom.  Retail was mixed , though two of my holdings -- Best Buy (BBY) and Bed Bath and Beyond (BBBY) -- turned south ... hard. Biotech was schmeissed again, with weakness in primary and secondary sector names. I am watching speculative Intrexon (XON) for an entry point. Old tech was taken to the woodshed, with IBM (IBM) faltering for the umpteenth time after the close. (I wasn't around, but the guidance from Intel (INTC) was horrible, perhaps laying a foundation of further weakness ahead for old tech.) Potash (POT) was weaker within a floundering fertilizer group. Twitter (TWTR) continues without a bid. The shares were probably lower because of a worldwide problem with the site. Oaktree Capital Group (OAK) excelled. (T)FANG was mixed, but the acronym has been weak of late, per my opener.  NOSH was tasty, led by O'Reilly Automotive (ORLY).  CRABBY was flattish. Some of my favored shorts on my Best Ideas List -- e.g., Disney (DIS), Comcast (CMCSA) and Apple (AAPL) -- continued to falter and had little or no rally in 'em.  I bought the weakness in SPDR S&P 500 ETF (SPY) this afternoon and added to Citigroup and Bank of America. I re-established a Hartford Financial Services Group (HIG) long against my MetLife (MET) and Lincoln Financial (LNC) shorts. I moved my net long exposure higher today. Here is why, as outlined here and here.
We're seeing lots of negatives (plus a few positives) so far.

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