Weekly Feature | Nasdaq Dorsey Wright

With no changes to any of the iShares models, we look at the iShares COMEX Gold Trust (IAU).

There are no changes to any of the iShares models this week. While commodities have fallen to second in the DALI asset class rankings, gold has been one of the most reliable areas of relative strength this year and precious metals recently overtook agriculture for the top spot in the DALI commodity rankings. Those looking to take advantage of this strength should consider the iShares COMEX Gold Trust (IAU). IAU has a favorable 4.40 fund score and entered the action phase of a potential shakeout pattern in last week’s trading when it reversed up into a column of Xs after breaking a double bottom at $60. The pattern would be negated with a move to $59, offering a potential stoploss for shorter-term investors. Additional support is afforded at $56. Year-to-date (through 5/28), IAU has gained 25.57%.

Back to report

DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. BlackRock sponsors the Dorsey Wright iShares ETF Models. However, analysis, models and recommendations are created and provided solely by Dorsey, Wright & Associates (Dorsey Wright). Neither BlackRock, BlackRock Advisors and its affiliates, nor SEI Investments Distribution Co. or its affiliates (SEI) are affiliated with Dorsey Wright. Neither BlackRock nor SEI provides investment advice or recommendations regarding any security, fund or market. Analysis, models and recommendations should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including iShares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. No individual risk management tools are used in maintaining this model. This model may not be suitable for all investors. As the investment professional making the final decision with respect to allocations, remember to adhere to NASD Rules 2090 and 2111 (formerly NYSE Rule 405, Know Your Customer). The percentage of the portfolio devoted to any iShares strategy, as well as final individual weightings are at the sole discretion of the financial advisor and not Dorsey, Wright & Associates, BlackRock or SEI Investments Distribution Co. or its affiliates (SEI) . If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey or visit the PnF University at www.dorseywright.com. If you are not familiar with the iShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.ishares.com for more information.

REPORT

DATE