GLD

Gold prices continue to push to new highs and shareholders of the SPDR Gold Trust (ETF) (NYSE:GLD) enjoyed a new 52-week high.

The iShares Silver Trust (ETF) (NYSE:SLV) added 10.7% in the past 30 days and YTD its up an incredible 44%, it appears there is still room to climb.

Total U.S. ETF assets crossed $900 billion for the first time Wednesday, led by the roughly $80 billion parked in the SPDR S&P 500 ETF (AMEX:SPY). Next largest is SPDR Gold Shares (NYSE:GLD) with nearly $55 billion in assets, followed by iShares Emerging Markets (NYSE:EEM) with $45 billion.

Thanks to economic uncertainty, gold wins again, it hit a new record high price today and along with it the SPDR Gold Trust (ETF) (NYSE:GLD) touched a new 52-week high.

The price of gold climbed to yet another record high today with the precious metal boosted by its safe-haven status.  Gold hit a two-month high of $1,255.20 dollars an ounce Thursday, another reason to go long on the SPDR Gold Trust (ETF) (NYSE:GLD).

The iShares Silver Trust (ETF) (NYSE:SLV) and SPDR Gold Trust (ETF) (NYSE:GLD) are staying close to their respective 52-week highs and investors continue to pile into silver and gold as a hedge to the increased volatility in U.S. equities.

Goldman Sachs Group Inc. pledges to back a new convention center if Nashville’s City general-fund cannot cover investor costs. 

If a famous hedge fund manager (George Soros) is buying gold, would you?  Queue up some shares of Yamana Gold Inc. (USA) (NYSE:AUY), Barrick Gold Corporation (USA) (NYSE:ABX), Goldcorp Inc. (USA) (NYSE:GG) or SPDR Gold Trust (ETF) (NYSE:GLD). 

Yamana Gold Inc. (NYSE:AUY) reports Q4 earnings on Thursday (March 4th) and the Street is looking for earnings between 12 to 17 cents per share.  AUY is holding steady today up 1.7% at $10.92 per share.

Gold is range bound trading on dollar and euro weakness, should the trend start up then its time to go long Yamana Gold Inc.(NYSE:AUY),  SPDR Gold Trust (ETF) (NYSE:GLD) and Kinross Gold Corporation (NYSE:KGC).