On Thursday afternoon, I dove into the StockChartsTechnicalRank (SCTR) Reports to scout out a good ETF during a mixed market (Dow and S&P 500 were down, Nasdaq was up). Two gold miner ETFs—Wisdom Tree Efficient Gold Plus Gold Miners ETF (GDMN) and iShares MSCI Global Gold Miners ETF (RING)—caught my eye. Both had high SCTR scores of 99.9 and 99.6, respectively. THE SCTR REPORT FOR US ETFs. Everyone’s been talking about gold since it started climbing back in October 2022. But gold mining companies? Not so much. Does this present an opportunity for investment, given ongoing geopolitical tensions, central bank demand, and the much-anticipated Fed rate cuts? Possibly. But let’s dig deeper to try to get a deeper technical view as to what’s going on. Comparing GDMN to RING (and Gold) First, GDMN and RING share a few of the same companies, but overall, they have different holdings. Let’s compare…
