What Metrics For Precious Metals Actually Matter?

Share This Article
September 4, 2018 6:38am NYSE:IAU

NYSE:IAU | News, Ratings, and Charts

From Sprott Money: Labor Day is upon us, and the long U.S. holiday weekend marks the traditional end of summer.


Before you start your celebrations, check in with the latest edition of the Weekly Wrap-up, where you’ll hear:

  • What’s driving the coming rally
  • Eric’s forecast for the U.S. dollar
  • Plus: will September bring a trend change?

“There’s no doubt between the sentiment being as poor as it is, the technicals being as oversold as they are, the short position being as high as it is… those are three of the primary ingredients in suggesting that you should be bottoming here. And needless to say, we’ve had a decent rally already. I don’t know exactly what the low was in gold, but it seems to me it was at least down to the 1170s somewhere. Today we’re at 1210. So we have a decent rally going on here. So, no, I think that the CoT setup is good. There’s still a lot of volatility in the gold price… when I see it going down quickly, like in two and three and four minutes at a time, I always think of the hedge funds trying to manipulate the price of gold.”

Ask Eric a question by following us on Twitter (www.twitter.com/SprottMoney) or Facebook (www.facebook.com/SprottMoney) and post to us using the hashtag #AskEricSprott

For more info, contact us at [email protected]

To hear Eric’s full thoughts and more, listen here:

Listen to the Weekly Wrap-Up on: iTunes Youtube SoundCloud Spotify


The iShares Gold TrustETF (IAU) fell $0.04 (-0.35%) in premarket trading Tuesday. Year-to-date, IAU has declined -8.07%, versus a 9.22% rise in the benchmark S&P 500 index during the same period.

IAU currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #2 of 35 ETFs in the Precious Metals ETFs category.


This article is brought to you courtesy of Sprott Money.


7 Best ETFs for the NEXT Bull Market

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories