Markets Overall Sectors In Particular

Got Gold? I Hope Not

Using data from tonight’s ETF Expectation report, I created the above chart, which shows the expected strength moves for four gold-related ETFs. Of the four, only one, $GLL, has an up-trend. $GLL is an inverse ETF. So the models expect gold to continue the downward track it has been exhibiting all year.

The models are bearish on all Precious Metal ETFs, sans the inverse ones.

Sectors In Particular

Outlook for Gold and Silver Through The End Of June

I use the models’ estimates for $GLD and $SVL to develop the outlook for gold and silver for the next 30 trading days. Silver has the worse percentage change, especially at the end of May but then repeats at the end of June. While gold’s outlook isn’t as bad, it is still not positive.

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