Canadian Gold Bond near Support If you are a long term investor, this is a good dip and at the strong support zone to DCA.Also near 61 SMA that'll add confidence to the market sentiment.
Key stats
About ISHARES S&P/TSX GLOBAL GOLD IND ETF UNIT
Expense ratio
0.62%
Home page
Inception date
Mar 23, 2001
The fund provides a concentrated, plain vanilla exposure to the global gold industry. The funds underlying index is a subset of the S&P/TSX Global Mining Indexa market-cap-weighted index of global companies in the mining industry, listed on either US or Canadian exchanges. XGD selects companies engaged in the exploration and production of gold, as defined by GICS. In addition, firms must also meet certain size and liquidity requirements to be included in the index. Holdings are weighted by market-cap and are constrained such that no individual security exceeds 25% weight of the portfolio. The index is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
XGDLong term buy on gold stocks here.... yea, i know they been taken to the woodshed, but the long term trend is solid... this is a great buying opportunity.
Canadian gold shares offer a great R:R opportunityAll annotations to explain the chart inside the graph. If you have any questions, let me know!
XGD Gold stocks 45-day cycleI stumbled on this using the Tradingview cycle pattern tool and it seems to be a valid cycle although I don't know how long this cycle of bottoms and tops will continue. The next one is set for Oct 8. The only problem is I can't figure out if the next cycle date will be a top or a bottom. I guesse
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.