Tag Archives: GLD

Gold Falls Like A Rock After BlackRock’s Bullish Call

Last week there was an article in BlackRock blog about golden days for gold. Gold has fallen 4.2% since straight down. This adds to a long list of faded calls by the market.

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Performance and Descriptive Statistics of Selected Stock Indexes and ETFs

Below are charts showing year-to-date performance and descriptive statistics (correlation, annualized standard deviation) for selected stock indexes and ETFs.

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Backtesting Conundrum

About a week ago I ran into a backtesting conundrum while analyzing a simple relative strength ETF rotation strategy.  A call to quants to compare results received only one answer but the cooperation led to a solution and to a … Continue reading

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Gold and Silver Retreat But Within Normal Bounds

Profit taking is a normal event in all markets and short-term corrections are frequent in both bull and bear markets. In the last four days, GLD lost 3.94% and SLV lost 5.33% but as the charts show, corrections of this … Continue reading

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Gold ETF Outperforms S&P 500 Index ETF by a Wide Margin

Although gold does not pay dividends, GLD has outperformed SPY by a wide margin since inception despite the fact that GLD has been on a downtrend while SPY has been on a sharp uptrend during the last two years.  SPY and GLD … Continue reading

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Gold Struggles to Stay Above Support at $1700

Gold prices started dropping last week showing disrespect for the opinion of bullish analysts and their crystal balls. Despite repeated calls by some technical analysts and fund managers of a pending rally in gold, this market has been weak and appears … Continue reading

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