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

Published June 13th, 2006 in Natural Resources Tags: ETF, ETFs, GLD, gold, oil, silver, SLV, USO.

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:

And here’s the recent silver ETF:

Enjoyed this? Don't miss the next one, grab the feed or

1 C. Maoxian Jun 14th, 2006 at 8:50 am

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 Michael Jun 14th, 2006 at 12:02 pm

USO fits the pattern too!
3 Babak Jun 14th, 2006 at 7:54 pm

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 peter Jun 15th, 2006 at 1:26 am

what is the credibility of this?
5 james Aug 1st, 2006 at 9:39 pm

Marketing is marketing.