Friday, May 7, 2010

The Top Gold and Precious Metals ETFs For May 2010 and Since Jan 2009: Be Careful

We track all gold and precious miner ETFs live on our live tracking site. An analysis of their performance reveals that investors should be very careful as gold is deeply overbought. However, the best PM ETF performers are not gold.

Gold certainly continues to rise:

These are the current performance and charts of all gold and precious metals ETFs as EOD Friday.

Performance (since January 2009):

(please click to enlarge images)

Best performer is AGQ (ultra long silver). Worst is ZSL, ultra short silver (please click on links to receive alerts)


Relative Strength

In term of relative strength indicators, here they are ordered by our favorite indicator, RSI-A:

You have to be very careful with these indicators. PTD (actually ultra short platinum) is deeply oversold, as are DZZ and DGZ.

UBG was down 17% on Friday, after a huge spike. Note that ZSL went throught a 10:1 reverse split, so it does not count. These reverse splits demand extreme caution. Being an ultra short silver, it is deeply oversold, as indicated by the tables on top.

Then you have DGL and the popular GLD in deeply overbought territory.

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).Please do your own due diligence.

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