GLD – Why Buy the Gold ETF Here

On Christmas Day 2014, I ended my short opinion on gold and gold relative securities with the publication of this report, Gold Outlook for 2015 – Buy & Hold Here. I also suggested the best way to play a reversal in gold was through the Market Vectors Gold Miners (NYSE: GDX). But I never got on the record with my SPDR Gold Trust (NYSE: GLD) followers, some of whom may not be aware of my positive turn. At this point, after a pull-back from a high price point of above $125 in January, and currently trading at roughly $115, I see current value marking a near-term bottom in the SPDR Gold Trust (NYSE: GLD), and can suggest purchase of the gold security again. I believe gold prices should stabilize and rise from here as the value of the dollar gives way against major foreign currencies. Though I see some risk that capital could flow heavily into U.S. equities, and potentially draw from gold investments over the short-term, I see gold and the GLD security good to go long-term. Even as the Fed raises interest rates this year, I still anticipate the dollar will give way and allow gold to go higher long-term, as Fed transparency has greatly priced this fact into the dollar already. See my full report on the GLD here.

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