PSAU – Invesco Global Gold and Precious Metals ETF
Good News: Clean breakout from an 11 year wedge pattern for this relatively unknown precious metals miner ETF. Possible upside of 181%…
Bad News: Invesco is closing this fund on February 20th!
Could this be a contrarian indicator? Sign of a bottom in miners? Vanguard also famously closed their Precious Metals and Miners mutual fund (VGPMX) in September 2018. -Harry
Nice chart with lots of upside. Miners are really strong. Even GDX vs SPX looks far better than GLD vs SPX.
Thanks Alex! Yes, even though this ETF will close, the miners can continue their journey to the moon!
Great chart. Thank you.
This board is very quiet and no rockets. Very good sign.