Loading ...Metal Monday: 4 Gold Miner ETFs Backtesting Nasdaq 100 Cup and Handle Breakouts
Gold miners have been consolidating over the last several weeks but looks like we may see a bullish rotation into the sector soon, judging by the following four Gold Miner ETFs with Nasdaq 100 ratio breakouts. In all four funds, we see Cup and Handle bottoms in their respective Nasdaq 100 ratio charts with backtests in progress over the last two weeks. We also see Cup and Handle bottoms in their nominal price charts within the context of multiyear wedge pattern breakouts. Portfolio holdings of each ETF can be found on the charts below. Will likely load more into these funds for my weekly momentum portfolio rebalance. Good luck gold miner investors! -Harry
U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU): 15% possible upside
iShares MSCI Global Gold Miners ETF (RING): 51% possible upside
Sprott Gold Miners ETF (SGDM): 50% possible upside
VanEck Vectors Gold Miners ETF (GDX): 41% possible upside
Thx for sharing Triplehstocks … I enjoy the relative analysis you provide!
Thanks Afasilver! I hope we see a similar rotation into the Silver miner ETFs like SIL, SILJ, SLVP. But currently their NDX ratio charts don’t look nearly as bullish as these Gold miner ETFs. I’d rather own the NDX than the silver miner ETFs for now, hopefully that changes in the upcoming weeks or months, will keep you posted when they improve!
Do you use this info to help predict changes in dollar value of miners, the Nasdaq index, or both? Could these charts be indicative of an equities collapse?
Equities Collapse: Yes, in late 2018 we saw bonds (TLT), Utilities, REITs, $USD and bearish/inverse ETFs breakout and start to lead the Nasdaq 100. NDX collapsed into Christmas Eve. However, in recent weeks and months these same sectors are now starting to breakdown and underperform the Nasdaq 100. If you look at Semiconductors, they topped out in summer 2018 and really broke down in October. But now Semiconductor ETFs are leading the Nasdaq 100 in recent weeks. So this example of sector rotation leads me to think the bull market is back in equities.
I buy almost all the ETFs and stocks that I chart as long as they maintain outperformance over the Nasdaq 100. This is my modification on “buy and hold”. You can see from my blog post here that this strategy can be quite profitable if one has the patience and discipline to obey technical “rules”
https://www.triplehstocks.com/2019/03/18/my-top-ten-stock-buys-of-2018/
My main career is in digital marketing. Spent the last 10 years since I graduated college working in pay per click marketing on Google, Facebook and Amazon. So looking at Nasdaq 100 ratios is my stock market version of “A/B Testing”.
If any Goldtent members own a business and use Google, Facebook or Amazon ads to promote their services or products, feel free to reach out to me. Happy to provide complimentary marketing campaign reviews for Goldtent members!
Very interesting. I will keep that in mind when deciding when to sell my Soxx, which I am now contemplating. It’s not only at an all time high but also in week 15 of this IC so getting long in the tooth. Yet, it’s below its March 2018 high in terms of Soxx:$ndx. Thanks very much.