Monday, August 22, 2011

Gold ETF Now Bigger Than S&P 500 ETF



All American Investor

Ladies and gentlemen, here is today’s market in a nutshell:

GLD, the SPDR Gold Trust ETF, is now bigger in terms of assets than SPY, the SPDR S&P 500 ETF. GLD has $77 billion in assets, compared with $75 billion for SPDR, according to Dave Lutz at Stifel Nicolaus.

At last check, GLD was up more than 2%, compared with SPY, up about 0.3%.


Gold ETF Now Bigger Than S&P 500 ETF http://on.wsj.com/npvxzT