Sprott Physical Gold Trust (PHYS) - 4th December 2023 | @ 57 Days | - 3.22%
Last trade: - 3.22% | 'A' class signal detected in Sprott Physical Gold Trust (PHYS). Running at an average wavelength of 57 days over 14 iterations since November 2021. Currently troughing
The PHYS ETF is a fund managed by Sprott that seeks to provide investors with exposure to physical gold bullion. It holds allocated gold stored in secure vaults and offers a convenient way to invest in gold without needing to directly own and store the metal. The fund's value reflects changes in the price of gold, making it a popular choice for those interested in precious metals.
ΣL Cycle Summary
Bulls had their wish with what was a bullish iteration of the down leg in this excellent component, reflected across gold related instruments (and other precious metals) as mentioned previously on site. Price is now in the zone for the latest trough iteration with the next cycle peak due at bang on the end of the year - at the current sampled average wavelength of around 57 days.
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: Sell - PHYS 8th November 2023
Entry: 8th November 2023 @ 15.24
Exit: 4th December 2023 @ 15.73
Gain: - 3.22%
Current Signal Status
Defining characteristics of the component detected over the sample period.