BlackRock's Bitcoin ETF flips its Gold ETF in market capIt's insane how quickly BlackRock's NASDAQ:IBIT Bitcoin ETF surpassed its AMEX:IAU Gold ETF by market cap.
Digital gold is better as IBIT tops $34B in assets. Digital gold FTW.
Key stats
About iShares Gold Trust Shares of the iShares Gold Trust
Expense ratio
0.25%
Home page
Inception date
Jan 21, 2005
IAU is an efficient way for investors to hold physical gold. The fund removes the complexities for retail investors of buying, transporting, storing and insuring physical gold. Using a grantor trust structure, the fund is a very stable fund. The underlying gold bars are held in vaults around the world, with an inventory list available on the Issuers website. Similar to its competitor, GLD, investors should know that long-term gains have noteworthy tax liabilities, since IAU is considered a collectible. The daily NAV of the trust is based on that days LBMA Gold Price PM. Where IAU shines for buy-and-hold retail investors is its lower handle and low expense ratio. At launch, shares of IAU corresponded to 1/100th of an ounce of gold (though this will decrease over time due to expenses). The fund is a solid choice for gold investors.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
GOLD can be a defensive asset, as geopolitical risks still highCaught in the twin grip of elevated US yields and a stronger USD, Gold may be on the defensive over the near term unless geopolitical risks still escalate.
Escalating geopolitical and trade risks are playing an increasingly supportive role in Gold prices, engineering rallies that are likely to stay
Gold to fall for the next 1-2 months
Bouncing off the top of the LuxAlgo
Retail is buying for fear of the current economic uncertainty, so it's a good time for whales to squeeze the longs (and create even more uncertainty/FUD, to be exploited later)
JP Morgan has a huge short position
Multiple indicators are all pointing to an
Gold ETF growth hypotizeIdea:
Retest of 34.66 level. Change of local falling trend
SL: 34.57
Buy: 34.79
$IAU - Short GoldThis is a really simple trade. Here is a weekly candle chart showing nothing but weakness. Gold failed to breakout on any time frame. Now, it is threatening two plus year support.
If the support breaks, and only if it breaks, take the short side of the ledger. Ticker: $IAU iShares Gold Trust.
falling wedgeIt is an example of falling wedge on ETFs. This exercise is useful to learn about the charts! Practice is everything!
IAU - You'll be saying IOU...IAU looking tempted make a run this year.
1st - Probability Convergence Curve
Moving towards upper convergence.
2nd - Volume Curve
Near highs. The inverse correlation of this and the Derivative curve is a bullish sign.
3nd - Derivative Curve
Close to flipping up. Notice the shorter timeframes a
IAU - I think gold can rip this year (they say this every year?)Listen this boomer AF trade looks like it might finally go, monthly pennant, all gold charts are setup for this right now. plenty names. big and small. Check out XME monthly chart. Bullflag breakout. GDX/GLD. Pull up the yearly chart on gold tickers. 3bar up. Buying few months time / commons on this
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Displays a symbol's price movements over previous years to identify recurring trends.