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The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at 0.20%. Several other funds are close behind, including the Ark 21Shares Bitcoin ETF (ARKB) at 0.21% and the iShares Bitcoin Trust (IBIT) at 0.25%. Other proposed funds have similar waivers, meaning early adopters of the bitcoin ETFs will have little or zero management cost for a brief time. Bitcoin ETF fee comparison Fund Ticker Fee Bitwise Bitcoin ETF BITB 0.20%* Ark 21Shares Bitcoin ETF ARKB 0.21%* Fidelity Wise Origin Bitcoin Fund FBTC 0.25%* iShares Bitcoin Trust IBIT 0.25%* Valkyrie Bitcoin Fund BRRR 0.25%* VanEck Bitcoin Trust HODL 0.25% Franklin Bitcoin ETF EZBC 0.29% WisdomTree Bitcoin Fund BTCW 0.30%* Invesco Galaxy Bitcoin ETF BTCO 0.39%* Hashdex Bitcoin ETF DEFI 0.94% Grayscale Bitcoin Trust GBTC 1.5%Source: SEC filings; * indicates temporary waiver for part or all of the management feeThe fees for bitcoin funds are higher than many broad stock index funds, with the SPDR S&P 500 ETF Trust (SPY) charging less than 0.10%. For example, Ark-21Shares, Valkyrie, Invesco-Galaxy and others had shown higher fees initially but lowered them in subsequent filings.
Persons: Jonathan Raa, Bitwise, Bryan Armour Organizations: Nurphoto, Franklin, SEC, Trust, United States Oil Fund, Fund, North America, Morningstar
Final Trades: SPY, GLD, WRK and SLV
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: SPY, GLD, WRK and SLVThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
Persons: CNBC’s Melissa Lee Organizations: Fast Money
Zero-day commodity options have now entered the ETF space
  + stars: | 2023-12-01 | by ( Natalie Zhang | ) www.cnbc.com   time to read: +1 min
Investors can now trade commodities and a Treasury with a popular short-term options strategy. The Nasdaq recently launched five zero-day options-based exchange-traded funds: United States Oil Fund (USO) , United States Natural Gas Fund (UNG) , SPDR Gold Shares (GLD) , iShares Silver Trust (SLV) and iShares 20+ year Treasury Bond ETF (TLT) . It has taken the options market by storm. The surge in activity surrounding zero-day options has some analysts worried about a negative impact on the market. "I don't think the tools themselves are inherently breaking the market," Nadig said.
Persons: Dave Nadig, CNBC's, Nadig, it's Organizations: Treasury, Nasdaq, United States Oil Fund, United States Natural Gas Fund, Bond ETF Locations: United
The SPDR Gold Shares ETF (GLD.P), which tracks the price of gold, has rallied 9.82% this year, driven by concerns about inflation and economic growth as well as geopolitical turbulence. Yet those gains have not been reflected in the share prices of gold miners: the iShares MSCI Global Gold Miners ETF (RING.O) and the VanEck Gold Miners ETF (GDX.AX), which track the shares of gold producers, are up only 2.28% and 1.7% respectively. "Gold prices can only help so much, if you can't produce the gold in the first place," said Islam. Even Barrick Gold, which reported a 3% gain in gold production in the third quarter, said overall output in 2023 won't meet expectations. "Investors seem very wary of stocks as a whole, and gold miners have been tracking that rather than what's happening in gold itself," said Casanova.
Persons: Shannon Stapleton, Imaru Casanova, Casanova, Roxanna Islam, George Milling, Stanley, Suzanne McGee, Ira Iosebashvili Organizations: United States West Point Mint, REUTERS, Gold Miners, World Gold, Gold, Newmont Corp, State Street Global Advisors, Barrick, Thomson Locations: West Point , New York, Mexico
Test is underway to see how low markets can go
  + stars: | 2023-08-07 | by ( Bob Pisani | ) www.cnbc.com   time to read: +2 min
Right now, the S & P 500 is only 2.4% off its closing high on July 31. You'd think the stock market run would kill the big inflows into money market funds that happened in the first half of the year, but you'd be wrong. Money market inflows reaccelerated last week: $21 billion worth of inflows were added, according to Goldman Sachs. U.S. money market fund assets hit $6.7 trillion, the highest level in more than 13 years. There have been renewed inflows into energy, which is on a tear due to tighter oil supplies, and the equal-weight S & P 500 ( RSP ), all signs that the "broadening out" story is still alive.
Persons: Fitch, Sam Stovall, Jonathan Krinsky, Gold, You'd, Goldman Sachs, It's Organizations: Nasdaq
US stocks have defied all odds this year, and the market rally only strengthened in July. After two months of nearly nonstop gains for the S&P 500, a long-time chartmaster warns that the weakness that markets displayed in early August is just the beginning. As expected, the S&P 500 rallied after October when that headwind passed, and finished 2022 with a bang. Charts that Keller studies also indicate that this market rally has reached its late innings. Exchange-traded funds (ETFs) tracking those sectors include the Energy Select Sector SPDR Fund (XLE), the Financial Select Sector SPDR Fund (XLF), the Industrial Select Sector SPDR Fund (XLI), and the Materials Select Sector SPDR Fund (XLB).
Persons: David Keller, Keller, chartmaster, Stocks, headwind, Brace, we've, StockCharts.com, Keller doesn't Organizations: Energy, P Oil & Gas Exploration, Production, Commodities
The iShares Russell 2000 ETF (IWM) raked in more than $1 billion of inflows over the past week through Thursday's close, according to FactSet. The SPDR Gold Shares ETF (GLD) was another successful fund, pulling in about $270 million. Those flows are a notable contrast to the market's performance this week, where large tech stocks outperformed. Both gold and the Russell 2000 have fallen slightly in May, so the inflows could reflect investors buying a dip. ETF fund flows are not always a perfect gauge for what investors are betting on.
Chartmaster David Keller shared the three biggest risks facing the market right now. The S&P 500 may struggle to break past technical resistance of 4,200 and 4,300. He predicted that if the VIX rises to 20, the S&P 500 would fall to a vital support level of 3,800. The percentage of S&P 500 stocks trading above their 50-day moving average (in green) has fallen below 50% recently. David Keller, StockCharts.comPoor market breadth should be a serious concern for investors, Keller said.
The stage is set for gold to shine as the bullion makes an ideal hedge for stubborn inflation, according to Bank of America. "That rare thing, an uncorrelated anti-stagflation hedge," Jared Woodard, the firm's investment and exchange-traded funds strategist, said of gold. Bank of America said the precious metal has become particularly appealing as the opportunity cost of financial assets dips. Here are the five bullion ETFs that Bank of America is highlighting: iShares Gold Trust Micro (IAUM) SPDR Gold MiniShares Trust (GLDM) abrdn Gold Shares ETF (SGOL) iShares Gold Trust (IAU) SPDR Gold Shares (GLD) Out of these funds, Bank of America's top-rated ones are GLDM and IAUM. The strategist said these newer "mini" funds have lower expenses than their peers, but they have the same fundamentals backed by physically held gold bullion.
Tax Day is upon us – but investors who have complicated tax returns may find themselves asking for an extension. April 18 is the filing deadline for your 2022 return, and on that day, you must pay any federal income taxes you owe. Last year, an estimated 19 million taxpayers asked for an extension to turn in their 2021 tax return, according to the IRS. That's because while the MLPs themselves aren't subject to federal income taxes, the limited partners who receive income distributions are responsible for taxes. You need this form in order to file your income tax return, but partnerships may not send these details until mid-March, which could lead to investors going on extension.
Over the past month, the SPDR Gold Shares ETF (GLD) has pulled in more than $1 billion of new money, according to FactSet. The iShares Gold Trust (IAU) , SPDR Gold MiniShares Trust (GLDM) , Abrdn Physical Gold Shares ETF (SGOL) and Goldman Sachs Physical Gold ETF (AAAU) have pulled in more than $400 million combined. Funds comprised of gold mining stocks have also been popular, with the VanEck Gold Miners ETF (GDX) pulling in about $200 million. GDX YTD mountain Gold mining ETFs are rallying in 2023. The gold mining funds from Sprott ( SGDM ) and iShares ( RING ) have seen similarly strong performance.
Final Call: GLD, QQQ & SPX
  + stars: | 2023-03-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Call: GLD, QQQ & SPXThe traders make their final trades of the week. With CNBC's Tyler Mathisen and the Options Action traders, Carter Worth, Mike Khouw and Tim Seymour.
Golden gains? Bullish options bets
  + stars: | 2023-03-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGolden gains? Bullish options betsCNBC's Michael Khouw breaks down the options bets getting places around the GLD Gold ETF.
The Final Call: GLD
  + stars: | 2023-03-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Final Call: GLDThe traders make their final trades of the week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Bonawyn Eison.
A common tool to gauge the market's intent is following inflows and outflows in large ETFs. There have been outflows from corporate bond ETFs like Vanguard Short-Term Corporate Bond (VCSH), high yield funds like SPDR High Yield ETF (JNK), bank loan ETFs like SPDR Senior Loan ETF (SRLN) and bank stock ETFs like Invesco KBW Bank ETF (KBWB). The Credit Suisse issue was somewhat different. Europeans at the conference were surprised that there was a focus on Credit Suisse. The common thread of the commentary was that Credit Suisse had never recovered from the financial crisis, that it had been in decline for nearly 20 years.
The SPDR Gold Trust (GLD) , which tracks gold prices, has a return of more than 5% in January, roughly matching the S & P 500. The VanEck Gold Miners ETF (GDX) has doubled up the SPDR Gold Trust this month, while the small cap Junior Gold Miners ETF (GDXJ) has gained more than 8%. Silver mining ETFs are also doing well, even though the iShares Silver Trust (SLV) is negative for the month. ETFMG's Prime Junior Silver Miners ETF (SILJ) has gained more than 8% this month. The SPDR Gold Trust had dipped less than 1% for three straight trading sessions entering Tuesday.
Thirty years ago this week, State Street Global Advisors launched the Standard & Poor's Depositary Receipt (SPY), the first U.S.-based Exchange Traded Fund (ETF), which tracked the S&P 500. How ETFs differ from mutual fundsHolding an investment in an ETF structure has many advantages over a mutual fund. The reason was mutual funds and broker-dealers quickly realized there was little money in the product. On November 18, 2004, the StreetTracks Gold Shares (now called SPDR Gold Shares , symbol GLD) went public. CNBC's Bob Pisani on the floor of the New York Stock Exchange in 2004 covering the launch of the StreetTRACKS Gold Shares ETF, or GLD, now known as the SPDR Gold Trust.
The Final Call: GLD & PG
  + stars: | 2023-01-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Final Call: GLD & PGThe final trades of this week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Bonawyn Eison.
The Final Call: GLD, SLV, GDX, JPM & MET
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Final Call: GLD, SLV, GDX, JPM & METThe traders make their final moves of the week. With CNBC's Dominic Chu and the Options Action traders, Carter Worth, Mike Khouw and Scott Nations.
[1/2] Gold bars are displayed during a photo opportunity at the Ginza Tanaka store in Tokyo September 7, 2009. HSBC had been the sole custodian for SPDR Gold Trust, also known as GLD, since it launched in 2004. The bank currently stores about 910 tonnes of gold for GLD in London -- around a quarter of all the gold held for ETFs globally. Cavatoni said the WGC's agreement with JPMorgan allowed it to store gold in the United States and Switzerland but for the time the fund intended continue storing all its gold in London. HSBC said: "We're pleased to continue acting as a custodian for the World Gold Council's SPDR Gold Trust."
A bipartisan group of 13 lawmakers urged several U.S. tech CEOs to do more to help Iranian people stay connected to the internet as their government seeks to censor communications amid ongoing protests. The lawmakers said these types of tools would help Iranian citizens stay connected to the internet in secure ways amid government-imposed shutdowns and reduce their reliance on domestic infrastructure. The availability of multiple secure communications tools would make it harder for the Iranian regime to shut down all of them at once, they wrote. A Google spokesperson said in a statement the company is working on ways to "ensure continued access to generally available communications tools like Google Meet and our other Internet services." The Facebook-owner had made Instagram and WhatsApp available in Iran, but the services have been restricted by the government.
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