Finally, the long-awaited Electronic tradeing fund for Gold is available. Each share is priced at 1/10th of an ounce, which makes it easier to buy, than ponying up $445.90 for an ounce of Gold. Lots more people can afford to plop down $44.59 a share.
Lots more liquid too as it can be tradeing at the click or two of a mouse button.
So far, I have found it much easier to follow the trend in Gold itself than the miners, where you have to be worried about dilution, hedging and mine operations.
This market is much more accessible than the futures market or options on futures since it's already trading on the NYSE. Once they start writing options on the etf, it will be possible to profit from the swings up an down in price, without going into futures. It will also make it easier to hedge your positions in miners that are priced too low to make sense to purchase options on directly.
The name it trades under is GLD on the NYSE.
