The Ledger

GLD

SPDR Gold Sharesasset_rotation

Last close $373.63Jun 25, 2026

Day +1.13%

Currently held

Agent 16 — Faber GTAAlong
60 sh @ $411.23 · stop —
-$2,574.00 unrealized
Agent 3 — Gold/Silver Ratiolong
230 sh @ $433.49 · stop —
-$14,986.80 unrealized

Everything we've seen

·Jun 29, 3:50 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 3:50 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 3:50 PMstreamnews
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
·Jun 29, 3:50 PMstreamnews
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
·Jun 29, 3:50 PMstreamnews
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
·Jun 29, 3:35 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 3:35 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 3:35 PMstreamnews
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
·Jun 29, 3:35 PMstreamnews
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
·Jun 29, 3:35 PMstreamnews
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
·Jun 29, 3:20 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 3:20 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 3:20 PMstreamnews
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
·Jun 29, 3:20 PMstreamnews
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
·Jun 29, 3:20 PMstreamnews
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
·Jun 29, 3:05 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 3:05 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 3:05 PMstreamnews
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
·Jun 29, 3:05 PMstreamnews
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
·Jun 29, 3:05 PMstreamnews
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
·Jun 29, 2:50 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 2:50 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 2:50 PMstreamnews
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
·Jun 29, 2:50 PMstreamnews
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
·Jun 29, 2:50 PMstreamnews
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
·Jun 29, 2:35 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 2:35 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 2:35 PMstreamnews
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
·Jun 29, 2:35 PMstreamnews
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
·Jun 29, 2:35 PMstreamnews
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
·Jun 29, 2:20 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 2:20 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 2:05 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 2:05 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 1:50 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 1:50 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 1:35 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 1:35 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
·Jun 29, 1:20 PMstreamnews
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
·Jun 29, 1:20 PMstreamnews
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
❖Jun 29, 3:59 AMnewsvia finnhub
Market Correction Warning For H2 2026
The S&P 500 is up 7.5% YTD, but risks are rising. Click here to see why a correction may hit in H2 2026, plus where to allocate capital now.
❖Jun 28, 10:15 PMnewsvia finnhub
Physical Demand For Gold Remains Strong Even While Silver Sees Slowing Delivery Volume
When looked at from a dollar amount perspective, the amount delivered is the biggest June we have ever seen and nearly 70% higher than one year ago. Read more here.
❖Jun 28, 6:42 PMnewsvia finnhub
GLD: Moving From Bearish To Neutral
GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR. Read why I upgrade GLD to Hold.
❖Jun 27, 6:45 AMnewsvia finnhub
Precious Metals Risk/Reward Now Positive
Gold and silver miners look attractive as the Gold/SPX ratio hits a key zone.
❖Jun 27, 12:30 AMnewsvia finnhub
Weekly Commentary: The Treasury Secretary And The Maestro
South Korea's KOSPI equities index sank 10.0% Tuesday, rallied 3.3% Wednesday and an additional 5.4% Thursday, before sinking 5.8% in wild Friday trading. Read more here.
❖Jun 26, 1:24 AMnewsvia finnhub
Mohamed El-Erian Says Gold Needs One Key Buyer To Break Out Of Its $4,000 Slump
El-Erian believes central bank buying could lift gold out of its slump. Lower oil prices could support this trend.
❖Jun 25, 7:16 PMnewsvia finnhub
Three Inflation Protection Strategies Better Than Gold
Gold, GDX, TIPS (LTPZ), Bitcoin (IBIT), and energy (XLE) outlook: why gold looks risky, TIPS stand out, and BTC may hedge inflation. See more here.
❖Jun 25, 6:25 PMnewsvia finnhub
Commodities: Oil Bounces Back After Vessel Hit In Strait Of Hormuz
Oil bounced back yesterday after a vessel was struck in the Persian Gulf. Read more here.
❖Jun 25, 10:50 AMnewsvia finnhub
Forget The Macro Narrative, Look At The Cross-Section
Nasdaq 100 is up about 23% over three months. Underneath that number, a coup is underway. The standard deviation of three-month returns across the Nasdaq is roughly 50 percentage points.
❖Jun 25, 10:14 AMnewsvia finnhub
Micron Rallies 15%, Apple Sinks 6% On Memory Costs: Stock Market Today
Micron's blowout earnings powered memory and chip stocks higher, but the broad stock market rally stalled by midday as S&P 500 slipped.
❖Jun 25, 9:11 AMnewsvia finnhub
Micron Rallies 15%, Apple Sinks 6% On Memory Costs: Stock Market Today
Micron's blowout earnings powered memory and chip stocks higher, but the broad rally stalled by midday as the S&P 500 slipped.
❖Jun 25, 2:18 AMnewsvia finnhub
Despite The Gold Crash, Miners Offer A Massive Hidden Discount
Gold prices plunge 29% from their peak as Fed rate hike fears trigger a massive correction. Is the bull market over? Read more.
❖Jun 24, 10:30 PMnewsvia finnhub
More Tarnish For Gold And Silver
The narrative around precious metals has reversed sharply. Gold and silver both surged to start the year following already strong runs in 2025, but the momentum to start 2026 quickly stalled
❖Jun 24, 6:30 PMnewsvia finnhub
Gold Down Not Out
Gold's recent weakness likely reflects higher real yields and positioning pressures, not a deterioration in its long-term investment case.
❖Jun 24, 11:12 AMnewsvia finnhub
Gold Just Met Its First Real Rival In Years — And It’s Not What Anyone Expected
Gold’s smooth climb just hit real competition — a bond‑market comeback that’s suddenly challenging gold’s momentum and splitting Wall Street on what happens next.
❖Jun 24, 8:38 AMnewsvia finnhub
Micron Earnings Reaction To Test AI Trade; SK Hynix US Listing Is Bad News For MU
AI Trade Test Ahead Please click here for an enlarged chart of Micron Technology Inc (NASDAQ:MU). Note the following: This article is about the big picture, not an individual stock. The chart of MU stock
❖Jun 24, 8:06 AMnewsvia finnhub
Gold And Silver Have Further To Fall- When I Plan On Buying Again
Gold and silver lag the S&P 500 amid higher-for-longer Fed policy, inflation and a strong dollarâsee targets, re-entry levels, and strategy.
❖Jun 24, 7:07 AMnewsvia finnhub
The Gold And Silver Meltdown May Be Just Beginning
Gold & silver outlook: stronger USD and rising real yields pressure prices. Click for more on the precious metals and see where they may be headed.
❖Jun 24, 6:46 AMnewsvia finnhub
Here’s How Much You Would Have Made Owning SPDR Gold Shares Stock In The Last 5 Years
SPDR Gold Shares (NYSE:GLD) has outperformed the market over the past 5 years by 6.03% on an annualized basis producing an average annual return of 17.52%. Currently, SPDR Gold Shares has a market capitalization of
❖Jun 24, 6:22 AMnewsvia finnhub
Gold Just Did Something It Hasn't Done Since 2022. Nvidia Bulls May Like It
Gold has fallen below its 200-day moving average by the largest margin since 2022. Here's why Nvidia investors may be paying attention.
❖Jun 24, 3:25 AMnewsvia finnhub
Gold's Correction Prompts A Forecast Reset
Goldâs correction has become increasingly difficult to ignore. Read more here.
❖Jun 24, 2:45 AMnewsvia finnhub
The Technicals: Getting Closer To A Bottom, But Not There Yet
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. Read more here.
❖Jun 24, 12:08 AMnewsvia finnhub
Gold ETFs Just Saw Their Biggest Weekly Inflow Since April After $7.6 Billion Exodus
Gold-backed ETFs saw largest weekly inflows since April, with investors adding $1.1B. However, GLD and IAU are still down YTD.
❖Jun 23, 10:45 PMnewsvia finnhub
Commodities: Hormuz Recovery Continues To Weigh On Oil Market
Oil prices continue to move lower as flows from the Persian Gulf start to recover. Read more here.
❖Jun 23, 9:59 AMnewsvia finnhub
Gold Prices Plunge With Central Bank Selling
Since mid-May, the price of gold has resumed falling, turning into a steep log flume carnival ride-like plunge in the last several weeks.
❖Jun 23, 9:56 AMnewsvia finnhub
Since 2001, Gold Prices Have Presented A Seasonality In The 2nd Half That Will Surprise You
Buy gold in H2 2026: target $5,400/oz after a 5% H1 drop.
❖Jun 23, 9:38 AMnewsvia finnhub
Gold Is Under Pressure Today: What's Going On?
SPDR Gold Shares are dipping on Tuesday. Expectations for additional Federal Reserve rate hikes rise and geopolitical tensions ease.
❖Jun 23, 2:25 AMnewsvia finnhub
Gold Tumbles From Record Highs—But These Gold Miners Are Climbing Into Top Momentum Zones
Gold pulls back from record highs, but SSR Mining, Centerra Gold and Eldorado Gold climb Benzinga Edge momentum rankings.
❖Jun 23, 2:02 AMnewsvia finnhub
Gold's New Role Outweighs Its Technical Bear Market
GLD slips 22% from its peak as Goldman Sachs cuts its gold price target. Explore the tactical bear case and the structural bull case.
❖Jun 22, 7:45 AMnewsvia finnhub
Stock-Bond Dynamics May Be In Flux, But Global Diversification Proved Its Worth In 2026
The recent rise in the correlation between stocks and bonds has sparked debate about assumptions for risk models and the role of asset allocation. Read more here...
❖Jun 21, 8:30 PMnewsvia finnhub
Commodities: Oil Rises Amid Shaky Start To U.S.-Iran Ceasefire
Oil prices have moved higher this morning. For energy markets, the key factor is still whether oil and LNG flows from the Persian Gulf continue to recover, despite all the rhetoric.
❖Jun 20, 5:00 AMnewsvia finnhub
Best Commodity Idea Competition: The Winners
Seeking Alpha is pleased to announce the winners of our recent Best Commodity Idea Competition. Here's a look at all the winners.
❖Jun 20, 4:30 AMnewsvia finnhub
How We Would Invest $100,000 Today: Our Two Best Strategies, One Yields 7.75%
The S&P 500 remains near all-time highs, but risks of an AI-driven bubble and sector imbalances persist.
❖Jun 20, 12:25 AMnewsvia finnhub
Weekly Commentary: Warsh's Regime Change
Two-year Treasury yields surged 13 bps in post-press conference Wednesday trading - the largest jump since April 9th, 2025. Read more here.
❖Jun 19, 6:21 AMnewsvia finnhub
Goldman Cuts Gold Target To $4,900 As Markets Now Price Two Fed Hikes
Goldman Sachs lowered its gold price target to $4,900 per ounce by the end of 2026, citing delayed Fed cuts and growing market expectations for rate hikes through 2027.
❖Jun 19, 3:10 AMnewsvia finnhub
Commodities : Oil Declines As Strait Of Hormuz Begins To Normalise
Oil prices are on track for a sharp weekly decline, as shipping flows through the Strait of Hormuz begin to normalise and disruption concerns ease. Read more here.
❖Jun 19, 2:00 AMnewsvia finnhub
India Gold Market Update: Demand Cools
International gold prices pull back to broadly flat y-t-d,Â domestic prices rise 13%, supported by the recent duty hikeÂ and INR depreciation. Read more here.
❖Jun 18, 11:20 PMnewsvia finnhub
The Growing Role Of Capex In Inflation Dynamics
AI capex, combined with rising global expenditures on defense and energy security, is reinforcing demand for commodities
❖Jun 18, 5:05 PMnewsvia finnhub
Gold Drawdowns
After a historic run in 2025 that continued into January, gold prices have rediscovered gravity over the last five months.
❖Jun 18, 7:46 AMnewsvia finnhub
Trump Says Rate Hikes 'Keep A Country Down,' But Prediction Markets Say His Own Fed Chair Has Teed One Up
Fed Chair Warsh signals a potential rate hike, defying Trump's calls for easing. Check the latest Polymarket and Kalshi odds on why a 2026 rate hike is back on the table.
❖Jun 18, 6:48 AMnewsvia finnhub
JEPQ: No Reason To Hold It
❖Jun 18, 6:39 AMnewsvia finnhub
The New Fed Just Showed Its Teeth: Post FOMC Market Reaction Analysis
Kevin Warshâs Fed shifts to higher-for-longer rates, ditches forward guidance, and reprices markets.
❖Jun 18, 4:30 AMnewsvia finnhub
Real Assets, Big Yields: The More They Drop, The More I Load Up
Discover why real asset stocks offer attractive yields amid the AI stock boom.
❖Jun 18, 12:13 AMnewsvia finnhub
Commodities: Oil Falls As U.S.-Iran Sign Deal
Oil prices extend declines as the US and Iran sign a peace agreement, with Middle East supply expected to recover sooner than previously anticipated.
❖Jun 17, 7:30 PMnewsvia finnhub
Hawkish Shift Opens The Door To Fed Rate Hikes
The Federal Reserve has left monetary policy unchanged at Kevin Warshâs first meeting as Chair.
❖Jun 17, 12:05 PMnewsvia finnhub
Central Bank Gold Reserves Survey 2026
Central banksâ gold accumulation has doubled over the past four years, with 89% expecting global reserves to rise further in the next 12 months.
❖Jun 17, 5:15 AMnewsvia finnhub
My 3 Favorite Areas To Invest For Stress-Free Income Now
I see limited upside and elevated downside risk in current AI-driven, high-valuation markets.
❖Jun 17, 4:30 AMnewsvia finnhub
Macro Insights: Warsh Regime In Play, SpaceX's Capital Squeeze, And Tokenomics
Welcome to the SAâs The Macro Brief! This official SA Profile will highlight our analysts' latest economic and market analysis to help investors gauge the...
❖Jun 17, 1:45 AMnewsvia finnhub
No, This Is Not Gold's Cycle Top
Goldâs 27% drawdown from January peak reflects a sharp unwind in rate-sensitive layer of the market, the deeper structural bid has softened cyclically, but the core thesis remains intact.
❖Jun 17, 1:41 AMnewsvia finnhub
FOMC Trading Playbook: How A Hawkish Fed Could Impact Nasdaq 100, Gold, EUR/USD And AUD/USD
A higher dot plot, upward inflation revisions, and a less dovish policy bias would likely support the US dollar while weighing on Gold, the Nasdaq 100, EUR/USD, and AUD/USD.
▣May 31, 8:00 PMjournalrotation
Agent 16 — Faber GTAA closed long 59 @ $411.23 (-$352.23)
Faber GTAA monthly rebalance. GLD slot ON (close 411.23 vs SMA 402.68).
▢May 28, 8:00 PMjournal
Agent 16 — Faber GTAA opened long 59 @ $417.20

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