Tuesday, October 6, 2009

Top 10 Gold and Precious Metals ETFs to Buy and Sell

List of gold and precious metals ETFs on the market:


(please click to enlarge)

Here are the RSIs for these ETFs and ETNs, updated as of EOD Tuesday. The RSIs are used for buy and sell signals:


(please click to enlarge)


We then tried to identify the top ETFs to by and to sell. This turned out to be very difficult for the ones to buy.


The top 10 ETFs to buy (based on the successful RSI7) are:

PTD
GLL
DZZ
DGZ
ZSL
DBB
JJM
UBM
XME

Note that most of them are short (bear) ETFs! This is because of the very significant rise in gold stocks lately. The E-Tracks still have minimal volume. DBB and JJM are more base metals. So, not much to choose from on this list unless you believe gold will go down.

The top 10 ETFs to sell are:


DBS
JJP
UBG
DBP
HBU.TO
DGL
UGL
GLD
IAU
DGP

Indeed, these are clearly overbought conditions. GLD is on the list. GDP is the top "sell", and it is a double long ETF.

To receive technical analysis and alerts of any of these ETFs sent automatically to you, just enter the symbols in INO's great Technical Trend Analysis Tool.

Please do your own due dilligence.

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