GBTC v. GOLD, SILVER, AND US DOLLAR GBTC v. GOLD, SILVER, AND US DOLLAR
Interesting to watch while we trade.
Key stats
About Goldman Sachs Physical Gold ETF Shares
Expense ratio
0.18%
Home page
Inception date
Jul 26, 2018
ISIN
US38150K1034
AAAU is an efficient option for investors seeking exposure to physical gold. At launch, AAAUs shares corresponded to 1/100th of an ounce of gold (though this will decrease over time due to expenses). This low handle should be helpful for those investors placing small orders but could be a deal-breaker for those paying per-share commissions. The daily NAV of the fund is determined using the LBMA PM Gold Price, so the fund has an extremely close relationship with spot prices. Its structure as a grantor trust protects investors, trustees cannot lend the gold bars. However, taxes on long-term gains can be steep, as AAAU is deemed a collectible by the IRS. GSAM acquired this fund on December 14, 2020, from Cottonwood ETF Holdings and changed the fund name from Perth Mint Physical Gold ETF. After the acquisition, the ETF lost its convertibility feature that allowed investors to exchange shares for delivery of physical gold in the form of gold coins and bars.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Gold finds support - will demand sustain continued upward move?As volume has grown, has gold found a new support level providing supporting for a next leg up? Continued questions about the health of financial services will likely sustain growth in the near term.
Long Perth MintPerth Mint has positive MACD with stochastic between 30-50 and the trend is moving upward.
I see it as a profitable long.
$AAAU - Bullish but wait for better entryTechnical indicators are bullish on AAAU
Moving Averages - Bullish
RSI - Bullish
Volume - Bullish
Confident it will fall down to support, which would be a good entry point. Think this is trading in my favorite - a wedge pattern.
Love the yellow stuff, and think this sector has been beat
$AAAU Wedge PatternI see confirmation of support & am going to open a small position on Monday.
Will have a target of $13.25
2% stop loss
Good luck traders!
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