Latest news with #SPDRGoldETF
CNBC
10-06-2025
- Business
- CNBC
Bitcoin is primed for a surge to fresh all-time highs above $130,000, according to the charts
Bitcoin made an all-time high in May, retreated approximately 10% in the following nine days, and in just the past three days it traded back near those levels. We hold the iShares Bitcoin ETF (IBIT) in two of our growth-focused portfolios at Inside Edge . With such strong fundamental, macro and technical backdrops, I think it's time to increase the position size for our investors. To start, let's outline three fundamental reasons why bitcoin is reapproaching all-time highs. Strong institutional demand: The adoption of the IBIT ETF has been nothing short of historic, shattering inflow records. IBIT hit $70 billion in assets in 341 days, more than 5 times faster the former record holder SPDR Gold ETF (GLD). Michael Saylor's firm MicroStrategy holds over 500,000 bitcoin and is adding consistently. Macro environment: Despite fears of tariff-driven inflation, U.S. bond yields are steady, paving the way for risk-associated assets (I believe bitcoin is still positively correlated to the growth trade) to move higher. The Fed's next move is still expected to be a decrease in fed funds rates, further fueling the growth trade. The "capped" U.S. rates market and concern of tariff-driven recession is pressuring the U.S. dollar, also a positive for the growth trade. Improving regulatory environment: U.S. legislation and regulation of stablecoins are expected, which increases acceptance of crypto and stable value coins. Corporate demand for bitcoin is also increasing as a Treasury asset. Turning to the technicals, the weekly chart of bitcoin futures shows a clear uptrend since late 2022. What I find interesting about this chart and bitcoin in general is how a volatility indicator known as Average Percent True Range (APTR) behaves around breakouts. APTR is a way to boil down the high-to-low range of a market not in dollar terms but in percent terms. On this chart, we're looking at the 10-week APTR. Put simply, it's the average high-to-low range, converted into a percent over the past 10 weeks. If you did not convert into percentages it would be impossible to compare the range of bitcoin at $100,000 compared to say, when I first bought bitcoin, at $330 per coin. Notice that during consolidations and corrections, APTR line decreases from the upper-range of around 20%-15%. When the correction is about complete, the APTR bottomed at 9% and 7% in the past few years. This set up the next uptrend in price, triggered by a break from resistance and a strong breakout in price. Notice that as bitcoin goes up the average range goes up. This different from the stock market. Usually during corrections in the S & P 500 the VIX goes up . When the market stabilizes and moves higher the VIX move lower. It seems to be oppositive in Bitcoin. So, when you can find a low volatility / range reading that's a possible tell that we're about to move higher. On the weekly chart, we're at a low reading of 8.5% high-to-low range over the past 10 weeks, and we just happen to be testing a resistance ceiling level around $110,000. Moving down to the daily chart, you'll see the same concept applies. Low APTR readings on the daily are in the 4%-3% range over the past 10 trading days. As we're pressing the triple-resistance level of $110,000, I'm thinking buyers are going to blast us through. I have a 100% Fibonacci projection level of $135,000 as our target. As I mentioned, I'm holding IBIT at a 3% position in our Tactical Alpha Growth and a 3.5% in our Active Opportunities Portfolio. I'm looking to increase both of them to above 5%. The breakout in the IBIT chart is around $64 and with the increased position size I would not want to see price move back below $58, which I'll use for a risk-reduction level We offer active portfolio management and regular subscriber updates like the idea presented above. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns IBIT personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Mint
24-05-2025
- Business
- Mint
Gold price outlook: Is yellow metal poised for a rise amid new tariff war concerns?
Gold price outlook: Gold Futures on India's Multi Commodity Exchange (MCX) closed 0.02 per cent or ₹ 21 lower on Friday, 23 May 2025, after a rally fueled by the renewed trade tensions in the global economy over US President Donald Trump's stance with the European Union tariffs. Gold Futures for the June 2025 contract closed 0.02 per cent lower at ₹ 96,400 per 10 grams as of Friday, 23 May 2025, compared to ₹ 96,421 at the previous commodity market close, according to the data collected from MCX. Gold prices in India and the US-based Comex gold rates jumped as investors' tensions renewed over US President Donald Trump's proposal of a 50 per cent tariff on imports from the European Union starting 1 June 2025. Trump also threatened Apple that the federal government would impose a minimum of 25 per cent tariffs if the iPhone maker fails to relocate smartphone production to the United States. In times of uncertainty, investors pull their money out of high-risk assets like equity and derivatives markets in search of safe-haven investments like government treasuries and gold. Commodity experts are eyeing a 'bullish' outlook for the precious yellow metal with key economic indicators like the looming trade tensions and the ongoing trade war between the United States and other world nations. Jigar Trivedi, Senior Research Analyst at Reliance Securities, expects the rise in gold prices to continue into the month of June 2025, with key drivers like the U.S. credit downgrade, continued Chinese central bank gold purchases, trade tensions, recession fears, and robust safe-haven demand in focus for the precious yellow metal. 'The uptrend in gold appears poised to continue into June. A break below $3,100/oz looks increasingly unlikely,' said the commodities market expert. 'Looking ahead, markets will closely watch next week's U.S. economic data releases, including consumer confidence, Q1 GDP (preliminary), and minutes from the most recent Federal Reserve meeting. While any progress in U.S.-Iran nuclear negotiations could offer temporary relief to risk assets, gold may continue to attract safe-haven inflows. The SPDR Gold ETF remains a key barometer for institutional sentiment. In the near term, Comex gold prices could test the $3,380–$3,430/oz range,' said Trivedi. Colin Shah, the Managing Director of Kama Jewelry, said that the gold prices were volatile last week due to the weakening US Dollar and the rising tensions about the fiscal outlook of the United States. 'Moving forward to next week, the outlook for gold remains bullish with a possibility for a potential short-term correction. International Prices are expected to trade in the range of $3300-3400/Oz, supported by ongoing geopolitical tensions and an uncertain outlook over US fiscal policies, signalling economic instability in the biggest economy of the world,' he said. The precious yellow metal is likely to hover in the range of ₹ 95,000 to ₹ 96,000 per 10 grams for the upcoming week. 'Domestic Prices can hover in the range of ₹ 95,000-96,000/10 gms. For silver, prices may remain relatively stable, unless any major economic development takes precedence,' said Shah. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Yahoo
14-05-2025
- Business
- Yahoo
Bridgewater reveals its top buys and sells of Q1 in latest filing
A new filing from Ray Dalio's Bridgewater Associates shows the stocks the firm bought and sold during the first quarter. Among the top stocks bought are Alibaba (BABA), Baidu (BIDU), the SPDR Gold ETF (GLD), Palo Alto Networks (PANW), and Booking (BKNG). On the other side, the firm sold stakes in Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), AppLovin (APP), and SPDR S&P 500 ETF (SPY). To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
23-04-2025
- Business
- Forbes
Gold Hits Record High - But Here Is Why That Might Be A Trap
04 April 2025, Bavaria, Munich: Gold bars of various sizes lie in a safe on a table at the precious ... More metal dealer Pro Aurum. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images) Let's cut to it: Gold's been on a tear, and it has made a lot of investors feel real smart lately. But if you're holding onto that shiny metal like it's the only life raft in the ocean, you might want to double-check the horizon - because the tide might just be turning. Gold prices have exploded in 2025, touching almost $3,500 an ounce like it was nothing. Why? Fear. The S&P 500 has been getting tossed around, down about 6% year-to-date, and every time things get sketchy - China tariffs, recession whispers, Fed drama - investors run to gold. But here's the thing no one's saying out loud: gold may have run too far, too fast. On April 22, something weird happened. The SPDR Gold ETF (GLD) - the go-to way to ride gold prices - saw one of its biggest volume dumps in years. We're talking >35 million shares traded. That's a lot of investors saying, 'I'm out.' Meanwhile, the S&P 500? It rallied. That kind of divergence doesn't happen by accident. When people start bailing on gold and buying stocks at the same time, it's usually the start of a new narrative. Let's zoom out. Gold does have history of incredible runs. For example, in the legendary run between Sep 1978 and Jan 1980, gold prices increased almost four-fold! But that was during double-digit inflation and genuine economic chaos. Now? Gold is up more than 50% over the last 12 months, and has gained over $800 an ounce in just four months this year! Meanwhile, the S&P is down, sure, but it's not 2008 out there. Unemployment isn't spiking, the Fed isn't panicking, and the economy - despite some scars - isn't falling apart yet. So ask yourself: does this gold run make sense in this environment? Want a real pulse on where gold is headed? Watch the miners. Barrick Gold and Newmont have both started to slip lately. That's telling. These companies thrive when gold's run is healthy and has legs. When their stocks lag - even as gold hovers near record highs - it smells like caution. Some analysts are still pounding the table, calling for $4,000 gold by next year. But others are warning that gold has become too crowded, too fast. And here's a big one: central banks have been huge gold buyers recently, but if inflation cools or geopolitical tensions ease, that demand could dry up. Then there's this: gold isn't alone in looking toppy. Other commodities - like silver - have started to stall too. That's often an early clue that the commodity rally is losing steam. We're not here to call the exact top. But the signs are piling up: Put it all together and it smells a lot like a 'maybe it is time I booked my gold profits.' Gold has had its moment. But if you're betting your whole defensive playbook on it, you're not protecting yourself - you're just crowd-surfing a hype cycle. That's why Trefis High Quality (HQ) Portfolio doesn't chase trends. It is designed to sidestep big swings like this and, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.
