Weekly Feature | Nasdaq Dorsey Wright

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

There are no changes to any of the iShares models this week. Despite the recent sell-off, precious metals remains one of the strongest areas in US equities as the precious metals group currently ranks first out of all 40 groups in the NDW group matrix. Investors looking to add exposure to precious metals on this pullback should consider the iShares MSCI Global Gold Miners ETF (RING). RING currently has a near-perfect 5.87 fund score, which is 0.74 points better than the average for all precious metals funds, and a positive 1.27 score direction.

After giving two consecutive sell signals on its trend chart, RING found support at $59 and returned to a buy signal with a double top at $63, signaling that the uptrend in precious metals may be resuming. RING’s market relative strength (RS) chart offers additional positive evidence for the fund; RING has been on a buy signal on its market RS chart since May 2024 and in trading earlier this week, it reversed up into a column of Xs, once again showing short-term relative strength against the market. While RING has now rallied roughly 15% from its November low, it remains in actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 47%. Year-to-date (through 11/12) RING has gained 141.6% 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.