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GLD

Buyers returned to Wall Street as selling pressures from the prior week finally eased off and left the doors open for the bulls once again. Despite a lack of noteworthy developments, easing tensions between Russia and Ukraine have been enough to welcome back the bulls following a round of geopolitical-induced profit taking pressures. On the home front, economic data releases were sparse, with the NFIB small business survey coming in barely above expectations while retail sales growth came in flat [see also How Well Do Defensive ETFs Actually Work?].

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Selling pressures from the prior week have managed to persist in recent days, much to the bulls’ frustration. Escalating tensions between Russia and Ukraine have kept the doors open for profit-taking as investors’ sentiment has turned from optimistic to fearful in a matter of days. On the home front, little attention has been paid to a host of better-than-expected data, including upbeat factory orders, ISM services, and a smaller-than-expected trade deficit [see also 10 Best Days Ever for the Gold ETF].

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In this piece, we’ll take a look at some of GLD’s most active sessions, highlighting the fund’s 10 best single trading days.

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Major equity indexes traded sideways for most of the week as earnings and economic data reports flooded the scene. Much to the bulls’ surprise, steep profit-taking pressures permeated Wall Street on Thursday, sparking a wave of selling that sent virtually every asset class tumbling; the S&P 500 Index shed 2% on the day, effectively erasing […]

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Major equity indexes quietly inched higher all week as a quiet scene on the economic data reporting front left the door open for the bulls following last week’s short-lived tumble. With no major developments taking place overseas, investors’ confidence returned as they were able to focus more on earnings season at home; upbeat earnings across […]

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Major equity indexes inched higher to kick off the week only to make way for the bears in later trading sessions as uncertainty returned to the market. The Volatility Index (VIX) skyrocketed more than 30%, and the S&P 500 Index sank 1.18%, on Thursday after news of a downed passenger airplane over Ukraine raised concerns over […]

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Bearish pressures swept over Wall Street this past week as the bulls had to step aside after European debt woes resurfaced and rattled investors’ confidence in the already anemic recovery taking place in the overseas currency bloc. Sell orders swarmed European markets and spilled over onto the home front after Portugal’s largest publicly traded bank, Banco […]

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The Merk Gold Trust (OUNZ) marked a major first in the ETF world upon its debut. For years, conspiracy theorists had been calling physically-backed gold funds like GLD and IAU phony, claiming the vaults really did not hold large amounts of gold with some claiming there was no gold at all. Though the two ETFs […]

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It was another back and forth week on the Street, as major indexes are still looking to find a meaningful direction. Revised GDP showed a contraction of 2.9% for the first quarter, but markets paid little attention to the negative surprise. As the bull run continues to drag on, more and more analysts are hopping in […]

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How Gold ETFs Are Taxed

by on June 25, 2014 | Updated July 2, 2014

When it comes to commodity investing, taxes can be something of a burden for investors. Trying to figure out which tax form you will need to complete and the specific tax rates can be a pain come April of every year. ETFs have helped to simplify a number of those issues, but there still is […]

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Sometimes, trying to describe ETFs and how they operate can be a little dry. We decided to spice things up and highlight some of the most crucial points surrounding ETFs using animated GIFs.

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Major equity indexes quietly kicked off the week, as many kept a close watch on Iraq while the mid-week Fed meeting took center stage at home. Much to the bears’ growing frustrations, policymakers didn’t drop any hints of an earlier-than-expected rate hike, and as such, equity markets took the opportunity to continue their stellar rally. […]

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