Copper and base metals experienced extreme volatility due to U.S. tariff anticipation, but fundamentals remain strong for infrastructure and green energy demand. The iShares MSCI Global Metals & Mining Producers ETF, tracking top global metals miners, proved optimal for scale-down buying during corrections, rebounding sharply after April's selloff. Despite recent price swings, PICK's fundamentals and ETF grades remain solid, with only momentum temporarily impacted by volatility.
The PICK ETF is favored for its diversified exposure to base metals, despite short-term bearish trends, with potential for gains as the sector recovers. Tariffs and sanctions, particularly from the Trump administration, could distort metal prices, but Chinese demand remains the critical factor for price direction. PICK ETF has remained in a trading range, with technical support at $34.60 and $31.86, and a scale-down approach is recommended for adding positions.
PICK ETF has a low P/E ratio and high dividend yield but struggles due to a weak technical situation and features high concentration risk. The ETF's performance is heavily influenced by the US Dollar Index and its significant exposure to both US and foreign SMID caps. PICK's top holdings, including BHP, Rio Tinto, Freeport-McMoRan, and Glencore, require close monitoring for fundamental and technical cues.
![]() PICK 11 Jun 2024 Paid | Semi Annual | $0.51 Per Share |
![]() PICK 20 Dec 2023 Paid | Semi Annual | $1.02 Per Share |
![]() PICK 7 Jun 2023 Paid | Semi Annual | $0.78 Per Share |
![]() PICK 13 Dec 2022 Paid | Semi Annual | $1.07 Per Share |
![]() PICK 9 Jun 2022 Paid | Semi Annual | $1.78 Per Share |
![]() PICK 11 Jun 2024 Paid | Semi Annual | $0.51 Per Share |
![]() PICK 20 Dec 2023 Paid | Semi Annual | $1.02 Per Share |
![]() PICK 7 Jun 2023 Paid | Semi Annual | $0.78 Per Share |
![]() PICK 13 Dec 2022 Paid | Semi Annual | $1.07 Per Share |
![]() PICK 9 Jun 2022 Paid | Semi Annual | $1.78 Per Share |
BATS Exchange | US Country |