Latest news with #GLD
Business Insider
5 days ago
- Business
- Business Insider
The 'TAMPON' trade is a new Big Tech investment idea. How did it perform against ChatGPT's stock-picking abilities?
On Sunday morning, in response to the geopolitical shock of the US bombing Iran, I turned to ChatGPT 's Deep Research tool. I asked it to spend three hours analyzing the situation to come up with five US stock trades that would make money through this Thursday. I did this before Asian markets opened, so the tool had to make predictions about the future with little to no clues from real-time market data. This is a real test of whether AI models and chatbots can generate valuable new insights, or whether they just regurgitate what's already known on the internet. Deep Research produced a well-written report predicting a global "risk-off" reaction that included a drop in US equities, a spike in oil prices, along with a move into safer securities such as US Treasuries, the dollar, and gold. It also gave five specific trades designed to make money from Monday, June 23, through Thursday, June 26: Buy Lockheed Martin (LMT). ChatGPT expected the defense sector to benefit from increased military tensions, leading to higher anticipated defense spending. Buy Exxon Mobil (XOM) or the XLE oil sector ETF. With oil prices likely to spike on concerns about Middle East supply disruptions, ChatGPT advised a long position in energy. Buy gold. Investors typically seek safety in gold during geopolitical crises, so ChatGPT recommended going long on the GLD ETF. Short Delta Air Lines (DAL). Airlines are sensitive to fuel costs and traveler sentiment. ChatGPT flagged Delta as vulnerable due to an expected increase in oil prices and consumer anxiety around flying. Short the S&P 500 via the SPY ETF or futures. As a broader market hedge, it recommended shorting the S&P 500 to profit from the likely risk-off move and overall market decline in the wake of the bombing. Around the same time on Sunday morning, tech analyst Dan Ives emailed investors with his thoughts. He advised clients to buy leading tech and AI stocks. He also inadvertently came up with a new acronym for this suggested group of tech stocks, proposing specifically Tesla, Amazon, Microsoft, Palantir, Oracle, and Nvidia (TAMPON). So, I took Ives's advice as a benchmark on Sunday ahead of the market open. This set the stage for a fascinating AI-versus-human performance showdown. Could ChatGPT's Deep Research recommendations outperform the TAMPON trade? Here are the results, as of the close of trade on Thursday, June 26: Lockheed fell more than 2% in the period. WRONG. Exxon dropped more than 3%. WRONG. The XLE ETF lost over 3%. WRONG. The GLD gold ETF shed about 1%. WRONG. Delta Air Lines rose almost 3%. WRONG. SPY S&P 500 ETF gained more than 2%. WRONG. Ives's TAMPON trade: Tesla climbed about 1%. Amazon gained nearly 4%. Microsoft rallied about 4%. Palantir jumped 5%. Oracle was up about 4%. Nvidia surged nearly 8%. Conclusion: A pretty damning indictment of ChatGPT's predictive abilities.
Yahoo
6 days ago
- Business
- Yahoo
Is Gold Finally Topping? Too Late to Buy Gold?
Could gold finally be topping out here? The base metal has doubled since bottoming out in November 2022. There have been only a few pullbacks along the way. They've been so mild that the last time gold hit its 200-day moving average was November 2024. Today's action came down to test the 50-day, something that hasn't happened since May 16th. While it does feel a bit 'toppy' I can't help but point out the series of higher lows the stock has consistently put in. Even a bit deeper move through the 50-day would still see gold in an uptrend. I'd need to see a break of $3,120, the May low for a reversal in the short-term. A little bit of a consolation would be healthy. Let's take a look at not only the SPDR Gold Trust (GLD) but also the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ). Moving Averages: Bartosiak starts by examining the stock's moving averages, such as the 50-day and 200-day moving averages. He points out the significance of crossovers and divergences between these averages, which can indicate potential trend changes. Support and Resistance Levels: Bartosiak identifies key support and resistance levels on the chart. These levels act as barriers that the stock price must breach or hold above, providing traders with critical decision points. Chart Patterns: He discusses chart patterns like head and shoulders, cup and handle, or flags, and their relevance in predicting future price movements. These patterns can offer valuable insights into potential bullish or bearish trends. Volume Analysis: He emphasizes the importance of volume analysis in confirming price trends. An increase in trading volume during a breakout or breakdown can validate the significance of a price move. Dave Bartosiak's technical analysis approach adds depth to our understanding of Gold's stock chart. By paying attention to moving averages, support and resistance levels, chart patterns, technical indicators, and volume, he equips investors with a comprehensive toolkit for making well-informed decisions in the stock market. Remember, while technical analysis is a valuable tool, it's important to consider other Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports VanEck Gold Miners ETF (GDX): ETF Research Reports VanEck Junior Gold Miners ETF (GDXJ): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Globe and Mail
19-06-2025
- Business
- Globe and Mail
Gold Finder Commences Fieldwork at Pipestone Bay Property in Ontario's Red Lake Gold District
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce that fieldwork is underway at its 100%-owned Pipestone Bay property (the "Property") located approximately 32 kilometres west of the town of Red Lake (see area claim map). Emerald Geological Services conducted a review of all historical exploration on the Property to determine areas where untested targets warrant further exploration. Significant historical work has been conducted in two areas of the Property: the 991 Zone (also known as the NW Pipestone Bay Occurrence) in the eastern part of the Property, and the western part of the Property where there are two known gold occurrences (McIntosh Lake Iron Formation and Stupak-Dynes Group Occurrences). Figure 1 shows gold occurrences on the Property on a background of property geology (OGS Map 4594). Figure 1 To view an enhanced version of this graphic, please visit: The 991 Zone Previous work has shown that there are at least two styles of gold mineralization at the 991 Zone: 1) High-grade (up to 44.9 g/t Au) hosted in roughly N-S striking quartz veins (Figure 2). 2) Low-grade (in the low 100s of ppb) hosted in altered felsic volcanics which strike roughly east-west and dip north, with a copper association (including 0.23% Cu over 5.5 meters in drilling). To date, only the low-grade gold mineralization has been tested by north-south drilling, which would not have adequately tested the north-south high-grade veins. The mineralized felsic unit hosting the veins remains open to the west-northwest and east-southeast beneath the lake, and IP suggests that mineralization may continue in either direction. There is also potential for nickel and chromium mineralization in the ultramafic unit to the north, as indicated by 2019 grab samples which returned 0.21% Ni and 0.21% Cr. Figure 2 To view an enhanced version of this graphic, please visit: Pipestone West Area This area hosts both gold and copper mineralization. Anomalous gold (up to 730 ppb) has been discovered in banded iron formation, altered mafic volcanics, and quartz veins, with copper grades up to 3.25% also obtained in altered mafic volcanics. The 2020 airborne magnetic survey suggests that the banded iron formations are strongly folded, with the most prospective area to date being the southwest limb of the fold close to a mafic/intermediate volcanic-felsic volcanic contact (Figure 3). Folded banded iron formations are excellent targets for gold exploration, as they represent structural and chemical traps for gold-bearing fluids. The mafic-felsic volcanic contact may also be an important conduit for gold-bearing fluids. From past records, anomalous gold mineralization has been obtained over a trend of approximately 1 kilometre near this contact. Figure 3 "The Pipestone Bay property shares many features common to gold deposits in the Red Lake Greenstone Belt, including silicification, sericite, biotite, and chlorite alteration, visible gold in quartz veins, D2 folding and crustal-scale structures," said Greg Lytle, President of Gold Finder. "The 2025 fieldwork will consist of prospecting and preliminary mapping of the Pipestone West Area, focusing on geological contact zones and folded iron formation." Coleman Robertson, P. Geo, a qualified person as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company. About Gold Finder Resources Ltd. Gold Finder is a mineral exploration company focused on discovery-stage properties. Our goal is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development. For more information, you can visit our website at download our investor presentation, and follow us on X at ON BEHALF OF THE BOARD, Signed "Gregory Lytle" Gregory Lytle, President Gold Finder Resources Ltd. Direct line: (604) 839-6946 Email: info@ 179 - 2945 Jacklin Road, Suite 416 Victoria, BC, V9B 6J9 Forward-Looking Statements This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
Yahoo
13-06-2025
- Business
- Yahoo
Israel's Strikes on Iran Boost Safe Haven ETF Demand
The tensions in the Middle East escalated after Israel launched a wave of airstrikes on Iran, triggering a sharp sell-off across global markets. Iran is preparing to retaliate as it has launched around 100 drones toward Israel, raising fears of a broader regional conflict. Markets reacted swiftly to the news, with the three major gauges plunging more than 1% in pre-market trade today. Meanwhile, the U.S. dollar, Japanese yen and Swiss franc all strengthened, while crude prices spiked sharply amid fears of potential supply disruptions. Gold surged to its highest level since early May and U.S. Treasury price also rose. Investors are flocking to safe-haven bids, which offer protection in times of heightened such a backdrop, we have highlighted five safe-haven ETFs that investors should add to their portfolio, especially if Middle East tensions continue to escalate. These products will likely benefit from the crisis and will be in focus in the weeks - SPDR Gold Trust ETF (GLD)Gold, viewed as a safe haven, has been on a strong rally this year, reaching new all-time highs on several occasions, buoyed by trade gyrations. The yellow metal serves as a hedge against market turmoil and is often used as a means of preserving wealth during times of financial and political uncertainty, typically performing well when other asset classes struggle. As such, the ultra-popular product tracking this bullion, like GLD, could be an interesting pick. The fund tracks the price of gold bullion measured in U.S. dollars and kept in London under the custody of HSBC Bank and JPMorgan Chase Bank. GLD is an ultra-popular gold ETF with an AUM of $99.9 billion and a heavy volume of about 11 million shares a day. SPDR Gold Trust ETF charges 40 bps in fees per year from investors and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Gold Surges Amid Global Risks: ETFs to Buy).Long-Dated Treasury - iShares 20+ Year Treasury Bond ETF (TLT)Products tracking the long end of the yield curve often provide a safe haven. The 10-year Treasury yields dropped to a one-month low of 4.31%, pushing bonds higher. TLT tracks the ICE U.S. Treasury 20+ Year Bond Index and has an AUM of $48.6 billion. Holding 42 securities in its basket, the fund focuses on the top credit-rating bonds with an average maturity of 25.78 years and an effective duration of 15.70 years. The expense ratio comes in at 0.15%, and the average daily volume is heavy at around 43 million shares. However, TLT currently has a Zacks ETF Rank #4 (Sell).Dollar - Invesco DB US Dollar Index Bullish Fund (UUP)After hitting a 3-year low in yesterday's trading session, the U.S. dollar rose 0.6% (at the time of writing) against a basket of major currencies on news that Israel had launched strikes on Iran. Invesco DB US Dollar Index Bullish Fund is the prime beneficiary of the rising dollar as it offers exposure against a basket of six world currencies. This is done by tracking the Deutsche Bank Long USD Currency Portfolio Index - Excess Return plus the interest income from the fund's holdings of U.S. Treasury securities. In terms of holdings, Invesco DB US Dollar Index Bullish Fund allocates nearly 57.6% in euro and 25.5% collectively in the Japanese yen and British pound (read: ETFs on the Move Post U.S.-China Trade Deal). The fund managed an asset base of $200.2 million, with an average daily volume of around 948,000 shares. UUP charges 78 bps of annual fees and has a Zacks ETF Rank #3 with a Medium risk - Invesco Currencyshares Japanese Yen Trust (FXY) The Japanese yen is considered a safe-haven currency in times of uncertainty. Investors could tap this via FXY, which appears to be a great way to play a future rise in the yen. It tracks the price of the Japanese yen and charges 40 bps a year in fees. The fund sees a good volume of roughly 340,000 shares per day and has accumulated $856 million in its asset base. FXY has a Zacks ETF Rank #3 with a Medium risk outlook. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares 20+ Year Treasury Bond ETF (TLT): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports Invesco CurrencyShares Japanese Yen Trust (FXY): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
05-06-2025
- Business
- Yahoo
Chasing Record Gold Prices? Don't Forget Silver: Why it's a Buy
Though silver has a larger market cap than many Fortune 500 companies and even some 'Magnificent 7' companies like Tesla (TSLA), the shiny metal has taken a backseat to gold. While silver is more commonly mined than gold, gold's price per ounce makes it a far more valuable asset than gold. Gold is the largest asset class in the world, with a market cap north of $22 trillion, while silver has a market cap of just ~$1.5 trillion. In addition to its gargantuan market cap, gold is stealing the spotlight from silver of late due to its significant price outperformance. The SPDR Gold Trust ETF (GLD) is up a robust 41.81% over the past twelve months, while the iShares Silver Trust (SLV) lags and is up 18.01%. Nevertheless, below are five reasons silver may play catchup: While gold has printed new all-time highs several times in 2025, silver finally broke out on Thursday to 13-year highs. As the old Wall Street adage goes, 'The longer the base, the higher in space.' Adding Fibonacci extensions to Thursday morning's breakouts suggests that $39 and $45 an ounce are reasonable targets for silver if this breakout is to stick. Furthermore, volume on the SLV ETF swelled to more than 2x the norm intraday, confirming the breakout. Image Source: TradingView Though gold and silver aren't perfectly correlated, they tend to trade in tandem. Recently, the gold-to-silver ratio reached an extreme. Historically, gold has made the first move higher, and silver has played catchup. In addition, gold fell more than 1% intraday while silver rose more than 2% - signaling a clear bullish change of character for silver. The Congressional Budget Office (CBO) predicts that 'The Big Beautiful Bill,' backed by President Donald Trump, will add $2.4 trillion to primary deficits and $3 trillion to debt (accounting for interest) if passed. Regardless of what side of the aisle you stand with politically, it's hard to argue that Republicans or Democrats have been fiscally responsible. For perspective, it took 221 years for the US debt to reach $12 trillion. Then, from 2020-2024, the US added another $12 trillion in debt. Investors use silver as a hedge against rampant government spending, tariff uncertainty, and inflation. The AI revolution is in full swing as mega-cap tech juggernauts dole out billions in CAPEX to build energy-hungry data centers across the globe. Silver is a necessary ingredient for the AI boom and is used in expensive GPUs from Nvidia (NVDA) and other chip companies that train large language models (LLMs). In addition, some analysts predict that AI data centers could consume ~12% of all American energy output by 2028 (up from 4% in 2023). The US may have to turn to renewable energy sources and companies like First Solar (FSLR) to fill the void. Once again, silver is a necessary ingredient needed to produce solar panels. Analysts tracked by Zacks Investment Research have high hopes for silver miners like First Majestic Silver (AG). The silver mining industry ranks 13 out of the 244 industries tracked by Zacks, making it a top 5% group. Image Source: Zacks Investment Research Bottom Line While gold holds the precious metals spotlight with its impressive market cap and recent price surge, silver appears poised for a significant resurgence. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR Gold Shares (GLD): ETF Research Reports iShares Silver Trust (SLV): ETF Research Reports First Majestic Silver Corp. (AG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
