GLD: exchange-traded fund gold

GLD_Exte.pdf (application/pdf Object)

Next week, GLD will debut on the NYSE. The backing for this offering is Gold Bullion. With the current economic outlook, I see further depreciation of the dollar on the world market. A rise in Gold's per ounce value will effect this offering and I see further room for Gold to grow because of the week dollar. Consider while gold may not be inherently more valuable, a dollar can be "worth less", I see a weaker dollar so this is why I'm following this offering...

Proposed Ticker Symbol (Exchange): GLD (NYSE)
Type of Offering: Initial Public Offering of Shares that represent units of fractional undivided beneficial interest in and ownership of the Trust
Initial Filing Date: May 3, 2003
Last amended Filing Date: November 8, 2004
Amount Filed: Approximately $4.5 billion
Shares Filed: 120,000,000 shares
Total Deal Size: Continuous offering
Creation and Redemption: The Trust will create and redeem the Shares on a continuous basis but only in baskets of 100,000 Shares. Creation and redemption requires the delivery to or by the Trust of the amount of gold and any cash represented by the Shares being created or redeemed, the amount of which will be determined based on the combined Net Asset Value (NAV) of the number of Shares being created or redeemed Net Asset Value: NAV, determined by the Trustee at the close of trading on the NYSE on each business day, is the aggregate value of the Trust’s assets less its liabilities (which include accrued expenses). In determining NAV, the Trustee will value the gold held by the Trust based on the London PM Fix Sole Purchaser: UBS Investment Bank (Underwriting $100 million) Specialist: Bear Hunter Structured Products LLC Anticipated Schedule:

11/11/04 Toronto
11/12/04 San Francisco // (San Diego/LA - TBC)
11/15/04 Boston // London
11/16/04 NY (12:30P Lunch at NY Palace) // Paris
11/17/04 Mid-Atlantic // Switzerland
Anticipated Pricing: Week of November 15, 2004