Gold ETF (GLD)

I'm long term bullish on gold due to the inevitable rise in inflation with the weak US$. What's a good entry point for GLD if I want to buy on further pullback? Thanks!

 

If you have a target for gold itself, subract $12 from it and divide the result by 10 for an equivalent GLD value.

Better to own the real thing, IMO, not paper gold.

 

I don't trade futures. So GLD is probably the best option for me.

BTW, is GLD the only gold ETF out there? Thanks!

 

I don't trade futures, either.

There is another ETF called IAU, and a double negative one called DZZ.

CEF owns real gold and silver, but is usually priced at a premium.

As for me, I don't trade my gold, I just use profits on my other trades to accumulate it whenever it gets beaten down significantly.

As long as the US government has deficits and allows a trade deficit, the pressure on gold will be to the upside as the dollar is debased. I don't see that changing in my lifetime.

 

What's the difference between IAU and GLD? They both trade at about the same price.

 

I have been trading Gold for 1 year now and there seems to be a correlation between gold and the US dollar. Any thoughts anyone?

 

yes ... but there are other things besides the USD that also
can make gold move up and down