Gold Above $5,000/Oz? 2 Bullish Factors For PHYS, 1 That Worries Me (A Lot)
Sprott Physical Gold Trust is a Closed-End Trust, or CEF, with the objective of physically holding gold with an expense ratio of 0.41%. SPDR® Gold Shares ETF and iShares Gold Trust ETF have leaner structures, but they do not diverge that much in terms of absolute returns. A first growth driver is central bank demand and the increase in private flows.
Appetite for Gold in China Continues Amid Jittery Markets
Volatility amid jittery markets is sparking additional appeal for safe haven assets like gold. And China is one of the largest consumers as its appetite for the precious metal continues.
PHYS: $3,000 Gold Is Just A Warm-Up
Patience with PHYS has paid off as it breaks out, outperforming US equities; I expect this trend to continue based on gold flow data and technicals. ETF and central bank gold flows have turned positive, with North America leading the charge, indicating strong demand and bullish sentiment. Technically, a brief pullback in gold is expected, but long-term fundamentals and historical bull market patterns suggest significant upside potential.
Final Trade: PHYS, AMZN, AVGO, GM
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The Best Way to Invest in Gold Is
Gold prices repeatedly reached new highs in 2024 and are again nearing record levels. Multiple factors, including rising geopolitical tensions and the consequent demand for safe-haven assets, drive this upward trend.
PHYS: Potential Fed Rate Cut Could Be A Huge Positive Catalyst
PHYS provides exposure to allocated gold bullion stored at the Royal Canadian Mint. Gold and PHYS have traded sideways since April, working off overbought conditions. With the Fed expected to begin cutting rates in September, I believe PHYS' consolidation is coming to an end. I reiterate my buy rating.
PHYS ETF Alert: Michael Burry Is Betting Big on This Gold Fund
Famous for his exploits featured in the book and film The Big Short, hedge fund manager Michael Burry made news once again, this time for going long on a peculiar asset. Burry's Scion Asset Management acquired a huge stake in Sprott Physical Gold Trust (NYSEARCA: PHYS ), a unique closed-end fund that focuses almost exclusively on physical gold.
The Real Reason Michael Burry is Buying Physical Gold
While he added to and trimmed several positions, the standout move was his new investment in Sprott Physical Gold Fund NYSEARCA: PHYS. In this article, we'll delve into the highlights of this filing and why he chose to invest in physical gold over other forms of the precious metal.
Michael Burry Just Made A Brilliant Gold Arbitrage Trade In PHYS
Michael Burry, known for his successful bets during the 2008 financial crisis, has found a clever arbitrage opportunity in a physical gold ETF. Burry's positions are in the Sprott Physical Gold Trust, which allows investors to take delivery of the gold if they buy enough. Burry bought for a discount and now can sell for close to NAV thanks to the publicity from his 13-F - if he didn't already take delivery.
