Gold and gold stocks could see downside (GOLD, HMY, ABX, NEM, GFI, AU, AUY)
Gold stocks are a sector to watch for downside heading into the open on Monday, with spot prices declining in Asian trading, and crude oil indicating that many commodity-related assets could stumble at the open on a slightly stronger dollar.
As of 8 a.m. Eastern, shares of Randgold Resources Ltd. (Nasdaq: GOLD) are down more than [...]
Gold stocks remain on close watch ahead of data (DROOY, GOLD, AU, AUY)
Gold stocks that took a hit in yesterday’s trading following a disappointing consumer confidence number that sent the dollar higher and many commodities lower are rebounding in premarket trade this morning, ahead of expected reports this morning on construction spending and pending home sales that may broadly affect commodities.
Spot gold is rebounding about $4 to [...]
Gold Options Trading Heats Up (GLD)
Based upon the rise in oil and commodities and the ultimate flight to safety or the ultimate flight to inflation protection, we are seeing again some increased call option activity in SPDR Gold Shares (NYSE: GLD). This is the ETF that tracks the price of gold by essentially 1/10 of the price. At 11:08 AM [...]
Traders Flock to GOLD ETF Options (GLD)
We are seeing a large trading interest in gold options today, via the SPDR Gold Shares (NYSE: GLD). It seems the inflation and commodity bugs might be watching that huge CPI number from this morning. The ETF has only traded about 3.5 million shares today (averag 12.5 million shares). But there have been more than [...]
Pre-Market Volume Spike: GOLD & GOLD STOCKS
Gold is being pounded this morning after the dollar has recovered against the Yen and other currencies. Many of the gold producers and gold bug related stocks are taking it on the chin on active volume in pre-market trading.
ETF: SPDR Gold Shares (NYSE: GLD) down 2.45% at $86/.77 on 692,000 shares at 8:44 AMEST.
Gold Fields [...]
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