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streetTracks Gold Trust (GLD) Silver Trust (SLV) US Oil Fund (USO) Don't Buy What Wall Street Sells




Don’t Buy What Wall Street Sells


There is a well worn adage on Wall Street that says, when the ducks quack, feed them.

Want to see it in action?

Here's the gold ETF from its IPO in November 2004:

GLDfeedem.png

And here's the recent silver ETF:

SLVfeedem.png

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7 Responses to “Don’t Buy What Wall Street Sells”  

  1. 1 C. Maoxian

    Of course GLD ran above $70 in May, so.... But the timing of the Silver ETF is most (un)fortunate. ;-)

    BTW I've transferred the original Ducks Quack post from the old site to WordPress.

  2. 2 Michael

    USO fits the pattern too!

  3. 3 Babak

    CM: yeah, I was referring to a shorter time frame and pointing out that almost always the first to buy (investors who clamor for these things) will go underwater almost immediately. How many who bought at $45 held on to $70?

    Michael: correctomundo :) There is also GDX - the new gold miners ETF.

  4. 4 peter

    what is the credibility of this?

  5. 5 james

    Marketing is marketing.

  1. 1 Uranium Participation Units & NYMEX UxC Uranium Futures
  2. 2 iShares FTSE NAREIT Mortgage REITs Index Fund (REM)


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