Tag Archives: GLD

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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What Can Technical Analysis Tell Us About the Future of Gold Prices?

Basically not that much for a medium to longer-term timeframe. This is because the price of gold in the future will depend on several factors some not directly reflected in current price action, simply because they are unknown. Of course, this is true with … Continue reading

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Precious Metals Markets Losing Patience

Inflation was supposed to rise with QE1 but it did not. Then, it was supposed to skyrocket with QE2 but it did not. Operation Twist raised hopes of investors and traders with long positions in precious metals but inflation did not rise. In my opinion, even … Continue reading

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