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Big problems for steel ETF

Posted on 04 April 2013

Signs just keep on creeping up that the materials sector is in trouble and in today’s episode of “As Materials ETFs Tumble,” the Market Vectors Steel ETF is in the spotlight. On light volume, SLX is down 0.7 percent and while that may not sound like much, Wednesday’s decline extends a woeful start to 2013 for SLX and the ETF is now flirting with a year-to-date loss of 18 percent.
To put that performance into context, the Materials Select Sector SPDR, the worst-performing of the nine sector SPDRs in the first quarter , is still clinging to a year-to-date gain………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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