Florida Gold Find Won’t Help the SPDR Gold Trust (ETF) (NYSEARCA:GLD)Author: Victor AlagbeLast Updated: March 12, 2020 SPDR Gold Trust (ETF) might be looking forward to better days ahead as the current rally in the price of gold is generating a new wave of positive analyst sentiment. CNBC reports that analysts are bullish that mining firms will start seeing an improvement in their prospects as the price of gold continues to rise. They also posit that the delay in raising of interest rates by the feds will cause mining stocks and ETFs to soar higher.Boris Schlossberg, managing director at BK Asset Management is one of the analysts with a bullish view on the yellow metal going forward. He says the bullion has found its bottom and that a bounce is already underway in the yellow metal. In his words, “We’ve had such a negative wave of sentiment, and gold did finally find a bounce.”Fed’s delay of rate hike could push positive outlook for goldOn Wednesday, the Federal Reserve suggested that the chances of a September rate hike are lower and U.S. bond yield and dollar are seeing a retraction. Schlossberg also cited the situation with the Interest rates as a factor that could increase the uptrend in the yellow metal. He says, “I think a lot of it is going to be driven by a September hike being delayed…It could create a bed of buying for gold, and just by that, a bed of buying for gold miners”.Don’t buy gold ETFs, yetErin Gibbs of S&P Capital IQ is however not convinced that this is a good time to jump into bed with gold, stocks, or ETFs such as SPDR Gold Trust (ETF) . She says that most gold mining firms have mountain loads of debt to clear. She also believes that the delay in rate hike is only for a moment and that the eventual raising of Interest rates will worsen the outlook for gold.In her words, “these companies have been so poorly managed recently, frequently misusing the upside swings in gold… As gold’s going down, they probably actually should be traded at a discount instead of a premium to their net asset value.”There’s gold in Florida for treasure hunters On a lighter note, a 1715 Spanish fleet that sunk off the coast of Florida’s Atlantic Ocean has not stopped rewarding treasure hunters with gold. On the 300th anniversary of the wreck, Diver William Bartlett and two other divers have found 350 gold coins worth $4.5M. Their find is the most valuable find from the 1715 shipwreck site in recent decades.The Guardian reports that the wreck still has $400m worth of coins that has not been discovered. If you’d rather lay your hands some really valuable gold coins, you might want to head off to Florida’s Treasure Coast where any treasure found washed up on land is finders, keepers.The small increase in supply isn’t going to help SPDR Gold Trust (ETF) holders of course. They’d be happier if the Spanish started putting the yellow metal in the ocean once again.