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Blogs about IAU

Blogs	Description	Date Updated
Some Staying In Gold and ETFs, Hoping for a Turnaround	Hope springs eternal: despite the retreating price of gold, some investors are still hanging on tightly to their exchange traded funds (ETFs). Mark Hulbert for MarketWatch reports that gold is posting a loss for the year-to-date, and gold ETFs are now nearing 18% off their March highs. Yet some gold timers are hanging in and hoping the bottom has been reached so that gold can once again resume its ascent. Why wait? The current trend for gold isn’t heading up. Perhaps now is a good time for...	August 15, 2008
Precious Metal Holdings and ETFs Decline Amid Selloff	As the commodities pullback continues, investors are pulling their money out of precious metals and sending related exchange traded funds (ETFs) lower. ETF Securities says the amount of metal it holds to back its physical platinum exchange traded commodity (ETC) dropped 11.5% last week. Holdings for gold, silver and palladium tumbled last week, as well. U.S.-listed ETFs for precious and industrial metals all fell sharply last week, including: Market Vectors Steel (SLX): down 7.3% last week; dow...	August 11, 2008
Gold’s Tight Supply, Soaring Demand Could Keep ETFs Looking Sharp	Gold bullion holdings in the world’s largest gold exchange traded fund (ETF), SPDR Gold Shares (GLD), reported a net inflow of five tons for the second quarter, making for a total of 948 tons. The price of gold averaged $896.29 an ounce in the quarter, reports Frank Tang for Reuters, $30 below its average price in the first quarter. As the dollar strengthens, gold loses its luster and it’s seen as less of a safe haven than it is in more turbulent times. Spot gold hit a record $1,030....	July 23, 2008
Investors Run for Cover Under Gold and ETFs	The price of gold jumped to a four-month high, sending gold exchange traded funds (ETFs) higher. A dash of record oil (now more than $147 a barrel), a heaping teaspoon of mortgage-company concerns and a pinch of a falling dollar stirred together combined to leave a bitter taste in investors’ mouths and sent them to gold in an effort to lose the aftertaste. Wall Street particularly sputtered on news of Fannie Mae and Freddie Mac’s woes, reports Stevenson Jacobs for the Associated Pres...	July 11, 2008
Rising Inflation Sends Investors Rushing to Precious Metal ETFs	Gold exchange traded funds (ETFs) have been quiet lately, drowned out by the ruckus oil has been causing. But in trading today, futures jumped at points by as much as $33 an ounce. The price of gold is now trading at its highest level in more than a month, while silver futures have also shot up more than 4% to a one-week high. One coin and precious metal retailer says that these are typically slow months for metals, but the markets are so unstable that gold has become "the surefire store o...	June 26, 2008
Investors Follow the Yellow Brick Road With Gold ETFs	Gold exchange traded funds (ETFs) offer investors a safe haven during economic crisis. We are experiencing a rough patch: equities are losing value, employment numbers aren't good, inflation is rising and fixed-income is getting hit by inflation, as well. The latest market correction of 2008 has led many investors down the gold ETF path, whether they're ETFs that hold gold futures, or ETFs that hold physical gold. Prerna Katiyar for Economic Times reports that throughout history, the retur...	June 18, 2008
The Commodity ETF Picture Looks Different This Week	Gold futures and exchange traded funds (ETFs) began to stage a turnaround in trading today after the dollar once again fell and oil futures hit new records. Gold today rose to $870.70, reports Bob Ewing for Digital Journal. Meanwhile, the dollar stepped back from its growth spurt, falling against the euro, and oil hit a record $120.01 a barrel, John Wilen for the Associated Press reports. That sent investors once again scurrying for cover. The gold-focused ETFs, streetTRACK Gold Shares (GLD)...	May 05, 2008
Gold ETFs Are the Squeaky Wheels, But Other Metals Might Deserve Some Grease	Gold and its exchange traded funds (ETFs) are real attention hogs. Sure, the metal is pretty to look at. It's shiny. But it's also being outperformed by other decidedly less sexy metals. streetTRACKS Gold Trust (GLD) and iShares COMEX Gold (IAU) are not too shabby: they're up year-to-date by 6.3% and 5.7%, respectively. That's all well and good, but consider: Market Vectors Steel (SLX) is up 14% year-to-date iShares Silver Trust (SLV) is up 12.7% year-to-date PowerShares DB Base Metals (...	April 25, 2008
Metals ETFs Hold Steady As Economy Decides Which Way It Will Swing	Have metals and their exchange traded funds (ETFs) entered a holding pattern? Nell Sloane for FX Street says they very well may have. The U.S. dollar dipped slightly overnight and oil prices have also fallen - both signs hinting at a bear market for metals after a long bull run. The gold industry, Sloane says, is still considering the news of a record low in Turkish gold imports from the prior trading session. However, Russian gold and currency reserves rose - an indication that Russia is loo...	April 03, 2008
Speculators and Bargain Hunters Go Fishing For Metals ETFs	The more positive outlook on the dollar led to a selloff of precious metals and their related exchange traded funds (ETFs). Today, the outlook is a little better. streetTRACKS Gold Shares (GLD) and iShares COMEX Gold Trust (IAU) both finished 3.9% lower yesterday. Market Vectors Gold Miners (GDX) and iShares Silver Trust (SLV) fell 2.8%. As evidence of the drubbing precious metals took on Tuesday, June gold fell $33.70. All funds today are trading up near 3% midday, thanks to speculators an...	April 02, 2008

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