Sunday, March 28, 2010

The Top Gold and Metals ETFs for April and Q2 2010

With the end of March and Q1 2009 we are starting to look at the best values for April and Q2 2010. We computed the relative strength values of all gold and metals ETFs and ETNs on the market. These indicators are great to see whether an ETF is overbought or oversold.

We track all gold ETFS live here.

Here are the results.

Short term:

Ordered by the RSI daily.

Most oversold are USV (silver ETN) and UBG (gold ETN). The only overbought is JJN (nickel)

Long term:

Sorted by RSI monthly.

Most oversold are ZSL (ultra short silver) and GLL (ultra short gold). The only overbought is JJN


Sorted by our favorite measure RSIA which more closely mimics optimal results.

The closest to oversold are again ZSL and GLL, while only JJN is overbought. These ETFS are confirmed as overbought and oversold. Nothing prevents them from becoming more overbought or oversold, but the odds are against them.

Note: You may receive technical analysis and alerts of these stocks, sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

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