ETF Pick of the Month: No Signs of Reversal for This Safe Haven

ETFdb.com is recommending a new short position for the month ahead. This short recommendation is based around a lack of meaningful price drivers coupled with a possible bull trap in a major commodity. Below, we outline our investment thesis and outlook for the new recommendation.

As always, we advise investors of all experience levels to use stop-loss orders and practice disciplined profit-taking techniques. The new short position is in the SPDR Gold Shares ETF (GLD A-). This position is motivated by a lack of fundamental catalyst for the precious yellow metal along with a weak technical setup that makes it vulnerable to selling pressures.

• Position: Sell SPDR Gold Shares ETF (GLD A-)
• Date: 8/1/2017
• Price: $120.75