I'm long term bullish on gold due to the inevitable rise in inflation with the weak US$. What's a good entry point for GLD if I want to buy on further pullback? Thanks!
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Gold ETF (GLD)
- Thread starter turkeyneck
- Start date
If you have a target for gold itself, subract $12 from it and divide the result by 10 for an equivalent GLD value.
Better to own the real thing, IMO, not paper gold.
Better to own the real thing, IMO, not paper gold.
I don't trade futures. So GLD is probably the best option for me.
BTW, is GLD the only gold ETF out there? Thanks!
BTW, is GLD the only gold ETF out there? Thanks!
I don't trade futures, either.
There is another ETF called IAU, and a double negative one called DZZ.
CEF owns real gold and silver, but is usually priced at a premium.
As for me, I don't trade my gold, I just use profits on my other trades to accumulate it whenever it gets beaten down significantly.
As long as the US government has deficits and allows a trade deficit, the pressure on gold will be to the upside as the dollar is debased. I don't see that changing in my lifetime.
There is another ETF called IAU, and a double negative one called DZZ.
CEF owns real gold and silver, but is usually priced at a premium.
As for me, I don't trade my gold, I just use profits on my other trades to accumulate it whenever it gets beaten down significantly.
As long as the US government has deficits and allows a trade deficit, the pressure on gold will be to the upside as the dollar is debased. I don't see that changing in my lifetime.
I have been trading Gold for 1 year now and there seems to be a correlation between gold and the US dollar. Any thoughts anyone?