SPDR Gold Trust’s most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $115.00 short put and a strike $110.00 long put offers a potential 74.83% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $2.14 would be kept by the premium seller. The risk of $2.86 would be incurred if the stock dropped below the $110.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.
The RSI indicator is at 61.95 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SPDR Gold Trust
Are Gold Prices Bottomed Out && Up for Rebound? ETFs in Focus
Thu, 11 Oct 2018 19:00:07 +0000
Gold prices have probably bottomed out and will rebound next year, putting these ETFs in focus.
Here’s What’s Worrying Markets More than Rising Interest Rates
Thu, 11 Oct 2018 18:30:02 +0000
Does the Sell-Off Imply Market Repositioning for Lower Growth? One of the major market worries at the core of the current market sell-off is the coming earnings deceleration. The stock market rally in 2018 has been fueled in part by the tax reform windfall.
As Tech Leads the Market Decline, What Are Investors Eyeing?
Thu, 11 Oct 2018 17:00:02 +0000
Does the Sell-Off Imply Market Repositioning for Lower Growth? Technology companies are the ones leading the current market decline. Amazon (AMZN), Netflix (NFLX), and Apple (AAPL) stocks took a sound beating yesterday and plunged 6.1%, 8.4%, and 4.6%, respectively.
CPI Underwhelms Today: Will the Market Heave a Sigh of Relief?
Thu, 11 Oct 2018 15:38:25 +0000
The US consumer price index (or CPI) for September was released today at 8:30 AM EST. The inflation numbers were weaker-than-expected, with the CPI rising just 0.1% sequentially compared to 0.2% expected by economists. In the 12 months through the end of September, the CPI rose 2.3%, which was lower than a 2.7% rise in August.
Dalio Predicts Weaker Dollar due to Budget Deficit Financing
Thu, 11 Oct 2018 13:01:34 +0000
The budget balance is the difference between what a country’s government garners from taxes and other sources and what it spends. A budget deficit occurs when spending exceeds earnings. In such a situation, the government borrows money from its citizens as well as foreign entities. As this debt accumulates, it’s possible that the value of its currency could decrease. The US (SPY) (VTI) budget deficit is creeping up.
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