Trading Gold

[nedrob]

This is not really a MTP question although I have used MTP to see the waves of Gold and was wondering if there is a way to trade gold by buying related stocks that might follow gold prices closely.

No, I don't have a futures account which I guess is the typical way to trade gold.

Thanks,

Ned

[rrs]

This is not really a MTP question although I have used MTP to see the waves of Gold and was wondering if there is a way to trade gold by buying related stocks that might follow gold prices closely.

No, I don't have a futures account which I guess is the typical way to trade gold.

Thanks,

Ned

Hi,

You may want to consider trading the gold ETF (symbol: GLD, trades on the NYSE) and iShares COMEX Gold Trust (Symbol: IAU). These ETFs track the price of gold very closely.

Sincerely,

Rama.

[Sejake]

Nedrob, I live in Canada and watch the ETF (XGD.TO) which trades on the TSX. It tracks the major Canadian Gold companies listed on the TSX, which in turn track the price of gold pretty closely.
It's basically the same chart as XAU or any gold tracking index. I can buy it same as a stock or as a CFD etc.
No real difference from what RAMA has just said, I just like to keep my stock (ETF) trading local to where I live.

Sejake