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Wednesday
Dec022009

It's All About Gold

DateWednesday, December 2, 2009 at 10:12AM

From our list of more than 200 key ETFs across all asset classes, four gold ETFs are trading the furthest above their 50-day moving averages.  The gold miners ETF, GDX, is trading the furthest above its 50-day out of all of the ETFs (non leveraged/inverse) we track at +14.96%.  Three ETFs that track the actual metal (GLD, IAU, and DGL) rank 2nd, 3rd, and 4th, while the precious metals ETF (DBP) is the 5th most overbought.  Along with GDX, SLX (steel stocks) and HHH (internet stocks) are the only other US equity ETFs in the top fifteen.


Etfs1202 


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