Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


Gold ETFs See Exodus As Bullion Gets Hammered

By  +Follow June 28, 2013 12:20PM
Tickers Mentioned:

It would be an understatement to say that gold, as a commodity, has had a rough year.

The precious metal began its decline as a result of the tremendous gains for equities that ramped up significantly in 2103. With the apparent unyielding support of Federal Reserve spending, investors herded into stocks under the impression that the more risky asset class was going to be significantly less risky for the near to mid-term, obviating the need for the safe haven of gold.

Gold then took another shellacking at the tail end of the Cyprus bank bailout negotiations, in reaction to rumors that the island-nation’s central bank would consider selling off its reserves of yellow metal in order to meet the stipulations of the European Union’s bailout package. Investors feared that this could set a precedent for Europe’s numerous ailing banks, effectively eviscerating gold’s long-standing position as a safe place for their money during economic downturns.

And now, gold is getting battered in the wake of Ben Bernanke’s statements last week that the Fed was considering an end for stimulus spending as early as next year, despite the fact that numerous Reserve officials emerged this week to take the rougher edges off of what the Chairman said during a press conference subsequent to the FOMC meeting.

The current predicament has been dutifully reflected in the increasingly fashionable world of Exchange Traded Funds. The popular SPDR Gold Shares ETF (GLD) that tracks the price of physical gold as closely as possible has watched nearly 30 percent of its price ebb away since the beginning of the year from around $160 per share in January to Friday’s price of $118.59. GLD has not experienced this much duress since the fund was created nearly ten years ago.

Much the same can be said of the iShares Gold Trust ETF (IAU), that is now trading for under $12 after starting off the year at around $16, a nearly 30 percent price-drop. In fact, all of the unleveraged gold ETFs are down around 25 percent or more so far this year: the Physical Swiss Gold Shares ETF (SGOL) is down 28.5 percent, the Power Shares Deutsche Bank gold ETF is down 29.4 percent, and the UBS E-Tracs CMCI Gold Total Return ETF is off 29.10 percent.

Leveraged Gold ETF products are faring even worse, with the double-leveraged (DGP) down nearly 44 percent and the triple-leveraged (UGLD) down over 60 percent.

The price of bullion itself has sold-off to an unexpected and almost shocking extent, dipping below $1,200 briefly during trading on Friday, when under $1,300 would have been more or less an offensive suggestion just a couple months ago.

Results for gld
19 Apr 14 05:13:33
RT @etfguide: Not yet a subscriber? Use promo 100APR to get started. http://t.co/cxursja8Zi $SPY $GLD $TLT $SPXL $SPXS $BIS $RUSS $YANG
Gold Stock News
19 Apr 14 05:13:31
$DST Earnings news on $VLO $SPR $GLD #wallstreet http://t.co/Ux5CQLdJKU
Stock Market News
19 Apr 14 05:01:54
#Pennystock Research on $QEP $OCN $CMG $GLD Try this http://t.co/JCbeA8W0x5
Ambrose Long
19 Apr 14 04:41:53
Get research on $VR $VOYA $LYB $GLD #NASDAQ http://t.co/qd0BeQD0PR
Eric Parnell, CFA
19 Apr 14 04:39:16
Latest from Avi Gilburt. Gold At An Inflection Point - Seeking Alpha http://t.co/7X5AIkspDB via @salphatrending #gold #silver $GLD $SLV
Foghorn returns
19 Apr 14 04:14:32
$GLD $SLV $GDXJ $NUGT $SPY $QQQ $UUP $DIA Has the Federal Reserve Ever Tried to Manipulate the Stock Market? http://t.co/g3tJ2ZDELm
Clinton Majors
19 Apr 14 04:13:24
$WDR Whats going on with $STJ $MGM $GLD Check out http://t.co/uwvYVVFClE
Luther Cox
19 Apr 14 03:38:51
$BKU Earnings news on $CTXS $TWX $GLD Worth a look http://t.co/UkBY7RTHlf
19 Apr 14 03:35:03
$GLD Gold set-up looks like a squeeze http://t.co/E00jhx6bc5
19 Apr 14 02:51:06
$GLD Ukraine Tensions May Benefit Commodities Bulls http://t.co/YK2LQFcheb
Stock Market News
19 Apr 14 02:41:12
$CSC Seeking the next hot #pennystock $SPN $VRSK $GLD #equity http://t.co/AiopTaxH94
19 Apr 14 02:33:28
#Gold - 2013 set records > http://t.co/5Uo1VKUTMb $GLD $IAU $PHYS $SGOL $UGL $DGP $GLL $DZZ $UGLD $GLDI $DGL $DGZ $AGOL $DGLD $TBAR $UBG
Legend Boulstridge
19 Apr 14 02:25:32
$RCL #Stocks you might want to sell $LKQ $CBL $GLD Try this http://t.co/I2IH9cWuN3
Silvana Orozco
19 Apr 14 02:01:13
$MXIM #Stock Market Reports on stocks like $N $FAST $GLD #economy http://t.co/LKTptR2clH
Share Prophets
19 Apr 14 01:54:02
Just posted: Why Rick Rule Says ‘Anti-gold Investors Will be Destroyed’ http://t.co/EOTfuPiqwc #gold $GLD
WallStreet Pennies
19 Apr 14 01:48:07
Dollar$OnPennies: $GLD Gallery View http://t.co/uO9ncbZTX2
WallStreet Pennies
19 Apr 14 00:46:09
Dollar$OnPennies: $GLD Weekly http://t.co/EeQqti8BPm
WallStreet Pennies
19 Apr 14 00:46:09
Dollar$OnPennies: $GLD Daily http://t.co/4r559WDZa7
QQQ Fractalerts
19 Apr 14 00:03:37
What is the $GLD going to do next? Get real time alerts and analysis at http://t.co/AONu0SGWk2
18 Apr 14 23:25:08
Gold Prediction: 5.05% Drop in 1 Month http://t.co/16byR5XNEG #commodities #stocks #invest #algotrading #Wallstreet #WSJ $XAU $XAG $GLD
18 Apr 14 23:25:07
Gold Prediction: 5.05% Drop in 1 Month http://t.co/xrtmZf2yO4 #commodities #stocks #invest #algotrading #Wallstreet #WSJ $XAU $XAG $GLD
I Know First
18 Apr 14 23:25:04
Gold Prediction: 5.05% Drop in 1 Month http://t.co/nxgOZwalSR #commodities #stocks #invest #algotrading #Wallstreet #WSJ $XAU $XAG $GLD
North Carter
18 Apr 14 23:14:00
Are you looking for winners like $TROW $MSM $BOH $GLD Click http://t.co/4l0vIbQCUc
18 Apr 14 23:11:59
$GLD Gold At An Inflection Point: Gold At An Inflection Point Seeking Alpha - 56 minutes ago In the past, I ... http://t.co/NGc3B41kCy
18 Apr 14 22:58:07
RT @SeekingAlpha: Gold At An Inflection Point http://t.co/NPHfP0d9zX $GLD $IAU $PHYS $SGOL $UGL $DGP $GLL $DZZ $UGLD $GLDI $DGL $DGZ $AGOL …
18 Apr 14 22:36:04
$GLD Gold At An Inflection Point http://t.co/fSSLk2O8Aa
18 Apr 14 22:25:04
$GLD Gold At An Inflection Point http://t.co/7urJMJeVYt
Seeking Alpha
18 Apr 14 22:01:06
Gold At An Inflection Point http://t.co/NPHfP0d9zX $GLD $IAU $PHYS $SGOL $UGL $DGP $GLL $DZZ $UGLD $GLDI $DGL $DGZ $AGOL $DGLD $TBAR $UBG
18 Apr 14 21:36:11
RT @PeterLBrandt: Chart of the Day -- What's next for Silver? An analysis of the silver charts. http://t.co/8BGq3wXTTg $SLV, $SI_F, $GLD
S&P Fractal
18 Apr 14 21:35:19
Tell us what you think about this weeks $GLD alert. How are you trading it? http://t.co/Bvn2y8XunG
Peaceful Animal
18 Apr 14 21:22:25
It's weird buying gold and praying for peace both at the same time. #mylife #IDWP $gld $gc_f
Fractal US
18 Apr 14 20:51:59
Tell us what you think about this weeks $GLD alert. How are you trading it? http://t.co/17ntnqI4M6
Lars Anders
18 Apr 14 20:47:39
Are you hanging on to $WY $THO $CTAS $GLD #NSE http://t.co/EGIJnWG2od
Fractal Trading
18 Apr 14 20:21:43
New $GLD alerts have recently been posted. Check them out now. http://t.co/0EpFPpej4e
Stock Terminator
18 Apr 14 20:21:38
$G Whats going on with $ETFC $ACN $GLD #liquidity http://t.co/8gGK6XiHYQ
Kamren Martinez
18 Apr 14 20:03:44
$BKU Earnings news on $MCO $SLXP $GLD #personalfinance http://t.co/0iivXeB980
Beverley Marinoh
18 Apr 14 19:55:06
$MWV Considering investing in $HRS $XL $GLD #liquidity http://t.co/qdjzAdwsOe
Fergus Hillo
18 Apr 14 19:51:51
Small-cap stocks making 52-wk highs $MA $SEAS $DATA $GLD #financialnews http://t.co/VBngH0C85b
NQ Fractalerts
18 Apr 14 19:41:53
Tell us what you think about this weeks $GLD alert. How are you trading it? http://t.co/i6ebodg07w
Ansel Gonzalez
18 Apr 14 19:32:16
$CBSH Are you Investing in $MS $UHS $GLD #financialnews http://t.co/ALzDN7NKNe
Stock Market News
18 Apr 14 18:31:15
$ADT Todays movers to research $NRG $PLL $GLD #NASDAQ http://t.co/wedDYblyMs
18 Apr 14 18:27:58
@systemstrader95 I'm new on trading but I'm just curious, why long $GLD and short $GDX ?? ^_^
Ansel Galvan
18 Apr 14 18:09:49
$ADM Here are some Stocks to Watch $NOC $CAR $GLD #StockMarket http://t.co/wIIQeJMfAg
Leighton Aldaine
18 Apr 14 17:20:50
Some Stocks to Watch $VSH $CSC $SPN $GLD #economy http://t.co/jhKbhAR1Te
18 Apr 14 17:16:57
SPDR Gold (GLD) 124.75 $GLD Friday, April 18: Today in Gold and Silver at The Street - Fri Apr 18, 4:19AM CDT http://t.co/vzlsy63vaw
Insider Trade Alerts
18 Apr 14 17:14:56
#Stock Watchlist. Dont be left behind $BEN $JAH $IM $GLD #singedinvestor http://t.co/TyXMqUfl8W
Jaydan Kyler
18 Apr 14 17:05:50
$NWL Stocks to Watch this week $INT $TDG $GLD Check out http://t.co/q6J2LgRHtW
18 Apr 14 16:36:31
How Far The Gold Sell-Off Could Go, And Strategies That'll Save You $GLD $IAU http://t.co/u9gdo5uwJI
By  +Follow June 28, 2013 12:20PM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.