Sprott Physical Gold Trust (PHYS) - 8th November 2023 | @ 56 Days | + 3.08%

Last trade: + 3.08% | 'A' class signal detected in Sprott Physical Gold Trust (PHYS). Running at an average wavelength of 56 days over 13 iterations since November 2021. Currently peaking.

Instrument Summary

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

Here, once again, the component around 55 days which is ubiquitous across gold markets and bullion is no different in this case. Peaking now with a trough expected early December. Bulls will hope for a shallow or flat retrace to gain more evidence for a larger degree cycle low forming in early October. Check out the gold composite for the most accurate phasing across instruments with this component, in this sector.

---

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: Buy- PHYS 13th October 2023
Entry: 13th October 2023 @ 14.92
Exit: 8th November 2023 @ 15.38
Gain: 3.08%

---

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 56.2 Days
Completed Iterations: 13
Component Yield Over Sample: 79.65% - learn more

Time Frequency Analysis