Last Updated : 05 November 2012 at 19:20 IST
Entry opportunities emerging in iShares Gold Trust, IAU
Source :Commodity Online
Relative Strength Index has fallen below 30 suggesting the stock is oversold and is also underperforming the S&P 500 whose RSI is at 40.3. The share is trading below the fifty day moving average at $16.8 levels, and hence has some potential for moving upwards from now on, according to Sreekumar Raghavan, Chief Commodity Strategist at Commodity Online.
In fact, nature of India-China trade relationship should be in such a manner that it shoul...
One can either expect the status quo to prevail or a downside to occur in the bullion futu.. 
I would also like to give you some more names of companies operating in Europe and making .. 
- Commodity
- |
- Advise
- |
- Entry
- |
- Agency
- Natural Gas
- 230-231
- Karvy
- Commodity
- |
- Contract
- |
- Trend
- |
- Pivot Point
- Rubber
- June
- Sideways
- 16987
- Cardamom
- June
- Sideways to Bullish
- 753
- Turmeric
- June
- Bullish
- 5973
- Soy Bean
- June
- Bullish
- 3925
- Refined Soy Oil
- June
- Bullish
- 701
- Commodities may trade positive on weak dollar
- The base metals pack traded on a positive note on the back of weakness in DX. Further, Indications that US Federal Reserve’s would continue with its bond buying programme supported prices to trade in green.
- read more
Refined tin imports of China fell by 27% y/y and 24% m/m in April to 1.3Kt. The biggest decline w..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
NEW YORK (Commodity Online): From a high of $17.44 per share, iShares Gold Trust (AMEX: IAU) has fallen to $16.33 and is on oversold territory, according to ETF Channel. But it provides good entry point for investors.
Relative Strength Index has fallen below 30 suggesting the stock is oversold and is also underperforming the S&P 500 whose RSI is at 40.3. The share is trading below the fifty day moving average at $16.8 levels, and hence has some potential for moving upwards from now on, according to Sreekumar Raghavan, Chief Commodity Strategist at Commodity Online.
iShares Gold Trust invests in physical gold and has net assets to the tune of $11.41 bn.
On Friday, ETF Channel reported that iShares Gold Trust witnessed an approximate $85.2 million dollar inflow — that’s a 0.7% increase week over week in outstanding units (from 687,150,000 to 692,250,000).
