U.S. Global Go Gold and Precious Metal Miners ETF (GOAU) - 8th November 2023 | @ 58 Days | - 1.90%

Last trade: - 1.90% | 'B' class signal detected in U.S. Global Go Gold and Precious Metal Miners ETF (GOAU). Average wavelength of 58 days over 14 iterations since Sept 2021. Currently peaking.

Instrument Summary

The U.S. Global Go Gold and Precious Metal Miners ETF (GOAU) allows investment in gold and precious metal mining. It includes exploration, extraction, and processing firms via a diversified portfolio. Key holdings like Newmont Corporation, Barrick Gold Corp, and Franco-Nevada Corp influence its performance. GOAU tracks the U.S. Global Go Gold and Precious Metal Miners Index, reflecting sector trends.

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ΣL Cycle Summary

Having been relatively late into this component as it was recently added to the site, we should now be locked in. This signal is, of course, analogous to the exemplary wave in gold at around 55 days average wavelength. Currently peaking with a trough expected early December.

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Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Late Buy - GOAU 16th October 2023
Entry: 16th October 2023 @ 15.75
Exit: 8th November 2023 @ 15.45
Gain: - 1.90%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 57.78 Days
Completed Iterations: 14
Component Yield Over Sample: 168.73% - learn more

Time Frequency Analysis