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

Popular Articles

Active ETF Channel

Why Now's the Time for Active Management

Passive, index-based ETFs help investors track the markets, but they lack the ability to adjust...

China Insights Channel

Does China’s Self-Reliance Hurt Foreign Investments?

China has been increasingly pushing to be self-reliant in several industries as President Xi...

Active ETF Channel

For Max Benefit Add Active Funds to a Passive Portfolio

It’s an ongoing debate amongst advisors as to whether active or passive funds are better, with...


Content continues below advertisement