Nasdaq Dorsey Wright

With no changes to any of the iShares models this week, we look at the iShares MSCI Global Silver Miners ETF (SLVP).

There are no changes to any of the iShares models this week. As we’ve previously discussed, precious metals have been a reliable area of relative strength over the last year. Precious metals currently rank second of 41 in the NDW Group Matrix and 12th out of 134 groups in the Asset Class Group Scores.

Investors interested in adding precious metals exposure may wish to consider the iShares MSCI Global Silver Miners ETF (SLVP). SLVP currently has a near-perfect 5.73 fund score, 1.21 points better than the average for all precious metals funds, and a positive 1.99 score direction. On its default chart, SLVP has given two consecutive buy signals and reached a new multi-year high earlier this month. The fund has now pulled back to support at $17.75 and sits near the middle of its 10-week trading band, offering an entry point for long positions. Beyond $17.75, SLVP’s chart shows further support at $17.50 and $17.25. Year-to-date (through 7/30) SLVP has gained 53% on a price return basis.

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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.