High Conviction: Add Global X Metal Securities Australia Ltd (ETPMAG)
A high-conviction add is recommended for ETPMAG. Technical analysis supports a sustained breakout phase in precious metals, and the ETF provides efficient, diversified exposure to this momentum. The current macroeconomic backdrop—persistent inflation, anticipated Federal Reserve rate cuts, and geopolitical uncertainty—creates strong safe-haven demand for metals. Gold’s new inflation-adjusted highs signal robust sector strength, while the recent Anglo American–Teck Resources merger reinforces a bullish long-term thesis for resource assets such as copper. At 61.5, ETPMAG represents an attractive tactical entry. The technical price target is 85, with a stop loss at 50 to manage downside risk.
