GLD

The Curious Price Conundrum

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Over the weekend, I listened to a rather tedious speech by Grant Williams at the annual CFA Singapore conference.  It’s rather coincidental that I spent my weekend cramming for the CFA exam on June1.  I’m not sure what the premise was but Zero Hedge felt compelled to highlight  the speech.   Mr. Williams did offer some paradoxical views on gold, the difference between the price one must pay to own the physical versus the paper version like the GLD ETF or futures. According to him, the actual metal cost almost 10% more than the paper abstract.  That’s a large number … Read more

Are You Aggressive or Conservative? Better Check Your Beta..

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By: Harvey Sax   A lot of that depends on the beta of your portfolio.  But before we get into all of that, let’s go over just what beta is. Stock Beta is a ratio that indicates how a stock fluctuates with relation to the market.  Beta is an indicator of market risk also called volatility.  When you research a stock, look at the beta to get an idea as to how choppy the returns on this stock will be with relation to the market.  If this doesn’t align with your risk tolerance, this stock may not be for you. … Read more

‘s 2011 Hedge Fund Performance

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John Paulson’s 2011 Hedge Fund Performance   Despite a rather disastrous mess of 2011, Paulson has managed to keep redemptions down to just 8%..  An impressive achievement nonetheless, but is it due to belief in the strategy or belief in the brand?  Either way, his performance is a good illustration of how timing can cause even the soundest convictions to run awry.  Don’t forget the importance of a solid hedge when dealing with a timely trade..   The numbers are in for John Paulson’s Paulson & Co. The hedge fund finished 2011 with depressingly low returns reports the New York … Read more

Sign of a top? GLD Moves Into Top Spot, Surpasses SPY As Biggest ETF – Focus on Funds

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GLD Moves Into Top Spot, Surpasses SPY As Biggest ETF Is $5,000/Ounce The New Target In Gold’s Run?MKM: Buy Silver ETF (14% Upside); Pair Utilities With October Calls By Murray Coleman Here’s another rather stark sign of our times: – The SPDR Gold Trust (GLD) on Friday moved past the grand-daddy of all ETFs, the SPDR S&P 500 (SPY), as the leader in overall assets. According to data provided by State Street’s (STT) Global Advisors ETF unit today, here’s a breakdown of assets as of Friday’s close: GLD: $76.67 billion SPY: $74.38 billion But something to keep in mind about … Read more

Global Markets Declare War On Speculators: Shanghai Gold Exchange Follows CME Hiking Silver Margins

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According to Mr. Durden at ZeroHedge, the Fed has now ordained Japan to carry out the global reliquification scheme in the form of a new, and powerful batch of QE, so the regional war on (Fed liquidity engorged) speculators has just gone global. Following 5 consecutive silver margin hikes by the CME (which oddly did nothing on yesterday’s price collapse even as the silver vol surged to near record levels) at which point it would appear silly for the exchange to continue its speculator eradication campaign, the memo has now been sent to foreign bourses. Sure enough, the Shanghai Gold Exchange … Read more

Oil, Gold, and Market Correction- Should be no surprise to our readers

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Radar Screen Flashing Red Overbought on Multiple=If you will search on our posts, you will see we suggested buying the USO (that’s the most popular ETF tracking crude oil), several of the largest gold miners, and lastly we have repeatedly warned of a toppy market. Now you might say we have been lucky, that the Mideast democracy contagion has worked in our favor

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