Record Gold Prices Spark ETF/ETN (GLD, SLV)

Commodities & Metals

Published: October 6, 2009 9:16 am

Last Updated: April 28, 2020 3:59 am

Gold Image Gold has just hit a new contract high of $1,035.00 on a nominal basis. While this is far short of an inflation-adjusted price compared to the 1980’s highs, this is still a nominal high. The SPDR Gold Shares (NYSE: GLD) are up 1.7% at $101.55 this morning, which is above that old $108.08 high. We have been noting an affiliate of ours who has been calling emphatically for higher gold prices. Yesterday, in a call that was against the US Dollar and against the S&P 500 Index, the call for gold was for a move above the old power band and a surge to $1,200.00 or possibly even higher. Gold’s gains are taking silver and copper higher as well. We have the iShares Silver Trust (NYSE: SLV) up 3.2% at $16.91 in pre-market trading, although its recent high is $17.26.

JON C. OGG
OCTOBER 6, 2009

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.