November 19, 2024 @ 3:02 pm | Breaking News, Jubak Picks Portfolio |
Gold will rally to a record next year on central-bank buying and U.S. interest rate cuts, according to Goldman Sachs. The investment bank listed the metal among top commodity trades for 2025. “Go for gold,” analysts said in a note, reiterating a target of $3,000 an...
September 18, 2024 @ 5:52 pm | Breaking News, GLD, GOLD, Jubak Picks Portfolio |
I think you want to own gold–through something like the SPDR Gold Shares ETF (GLD)–right now to profit from decreasing interest rates at most of the world’s central banks, from global macro uncertainty, from the possibility of domestic violence in the...
August 28, 2024 @ 8:27 am | Breaking News, Jubak Picks Portfolio |
Gold hit a new all-time high yesterday of $2554 an ounce on the Comex for December delivery. Gold’s 20% or so gain in 2024vto date (as of August 26) is a result of strong central-bank buying plus Asian purchases plus anticipation that the Federal Reserve was about to...
December 1, 2023 @ 4:07 pm | Breaking News, GDX, GLD, GOLD, Jubak Picks Portfolio, NEM |
Gold (for February 2024 delivery) was trading at $2087 an ounce on New York Comex today, December 1. That easily beats the old record high of $2051.50 an ounce back in August 2020. The shiny metal is up 12% from $1830 an ounce in early October. The SPDR Gold Shares...
October 9, 2023 @ 5:27 pm | Breaking News |
Gold was up 1.9% in trading on COMEX today to $1876 an ounce on war in Israel and Gaza and fears that it would become a wider conflict in the region. I’ve been looking for an exit from two of my gold positions for a while now. And tomorrow is a good exit point,...
April 4, 2023 @ 10:44 pm | AG, Breaking News, GDX, GLD, GOLD, Jubak Picks Portfolio, NEM |
Gold for June delivery closed at 2039.00 an ounce on the Comex today. That’s not too far away from the all-time record high of $2,070 an ounce. The move above $2,000 an ounce and any breach of the record at $2070 could trigger a rally as traders short gold buy...
February 10, 2021 @ 7:29 pm | Breaking News, Buy Hold Sell, Dividend Income Portfolio |
I’m starting up my videos–this time using YouTube as a platform. The tenth YouTube video “Avoiding Di-Worisification in 2021” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
August 26, 2020 @ 7:44 pm | Breaking News |
On Monday the Standard & Poor’s 500 and the NASDAQ Composite hit new all-time highs on what I’m calling the Vaccine Put, the hope that we’ll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020...
August 5, 2020 @ 7:03 pm | AG, Breaking News, GDX, GLD, GOLD, Jubak Picks Portfolio |
We’ve been here before. With gold and silver we’re at that stage in a huge rally where Wall Street analysts rush to increase their target prices in order to keep ahead of the market and where the number of posts urging investors to get in now–And...
August 3, 2020 @ 7:42 pm | Breaking News, GLD, GOLD, Jubak Picks Portfolio, Volatility, You May Have Missed |
Spot gold hit an all-time high today to close at $1991.40 an ounce. In July gold rose 11%, the most since 2012. And now even investors and traders who never own gold are looking at the metal and say, “Should I buy? Will it rally some more?” In my opinion...
February 6, 2020 @ 10:21 pm | Breaking News, GLD, GOLD |
Gold is supposed to go up when investors and traders are looking for safe havens and hedges against market volatility. So it makes sense the gold and gold mining stocks are gaining as coronavirus stalks through the land. Gold closed up 0.99% today to $1570.50 an...
January 29, 2020 @ 10:53 pm | AG, Breaking News, GLD, GOLD |
Gold held by ETFs (exchange-traded funds) hit the highest level in seven years on Tuesday as investors and traders piled into the traditional hedge against uncertainty and stock market volatility. Worldwide gold holdings in ETFs rose to 2,561.2 tons as of Tuesday, the...
August 14, 2019 @ 7:34 pm | Breaking News, Buy, GDX, IEF, Jubak Picks Portfolio |
Last night on my JubakAM.com subscription site I added Step #1 to my Special Report 5 Is Your Portfolio Ready for the Next Big? The post below is a cut and paste of the material I added to the Special Report. I’m posting it separately here to make it accessible...
January 25, 2019 @ 7:43 pm | Breaking News, Volatility |
Gold hit a seven month high on Friday, gaining more than 1%. Spot gold briefly broke above $1300 an ounce. Gold futures climbed 1.5% to $1,298.30 an ounce. The SPDR Gold Shares ETF (GLD) climbed 1.46% to $122.86 on volume 10% above the daily average. The 52-week high...
March 27, 2018 @ 5:54 pm | Breaking News, GLD, Jubak Picks Portfolio, Volatility |
Goldman Sachs has turned positive on gold for the first time in five years. “Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say,” Goldman Sachs says. Drivers for higher gold prices include signs of an...
October 3, 2017 @ 8:00 pm | Breaking News |
For my third pick for my new Perfect 5 ETF Active Passive Portfolio I looked to fill the Commodities slot in the portfolio with an ETF that would provide a hedge for the portfolio if the market tumbled but that would also produce a positive return if the market...
September 11, 2017 @ 6:59 pm | Breaking News, Buy, GLD, Jubak Picks Portfolio, Volatility |
I’m adding the SPDR Gold Shares ETF (GLD) to my Jubak Picks and Volatility portfolios today. Gold has sold off today with worries over a new missile test from North Korea in abeyance. And with traders relieved–and apparently surprised–to discover...