SPDR Gold Shares (GLD) and VanEck Vectors Gold Miners ETF (GDX)

In the aftermath of Brexit ,  Gold has hit a new 2 year high of 13oos as we speak. Beside trading spot gold which involve margin and risk of margin call  , exchange traded funds ( Etfs) are another asset class we can look to invest ( for buy and hold) to benefit from the rising gold price. SPDR Gold Share (GLD) and VanEck Vectors Gold Miners ETF (GDX) are 2 such etfs which we can look at .

SPDR Gold Share (Ticker Symbol: GLD)

GLD June 2016
GLD June 2016
GLD detail June 2016
GLD detail June 2016

This Etf seeks to reflect the performance of spot gold price. It is both listed on SGX and NYSEArca in USA . Both image refers to the GLD listed on SGX. In the first image , Since 10 February this year , when GLD broke above its well define downtrend line which was in place since 2013 , it has not look back and has been on a uptrend since then.

In the Second image , GLD has been in a well define uptrend since January this year , if it pullback to the uptrend lower channel support line the next time around US$119 level, it may present a good risk reward entry level .

VanEck Vectors Gold Miners ETF (Ticker Symbol : GDX)

VANECK VECTORS GOLD MINERS ETF June 2016
VANECK VECTORS GOLD MINERS ETF June 2016
VANECK VECTORS GOLD MINERS ETF detail June 2016
VANECK VECTORS GOLD MINERS ETF detail June 2016

VanEck Vectors Gold Miners Etfs (GDX) seeks to replicate the price performance of NYSE Arcra Gold Miners Index . It is listed on NYSEArca in USA . When Spot Gold rises , it tends to positively impact the share prices of Gold Miners in general . Hence this Etf is a good proxy to the price of Spot gold . In the first image , Since February this year , GDX has broken above its well define downtrend line which was in place since 2011 , and been on a uptrend since then.

In the Second image , GDX has been in a well define uptrend since late January this year , if it pullback to the uptrend lower channel support line the next time around US$24-US$25 level, it may present a good risk reward entry level .