Neutral
Seeking Alpha
8 months ago
An Update On The PICK ETF With U.S. Tariffs On Steel And Aluminum
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.