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Metal mining ETFs in trouble?

Posted on 25 October 2013

Investing in metal mining ETFs has been pretty rough this year. After a bad stretch in the first half of this year, metal mining ETFs recovered somewhat thanks to the taper concerns as well as a sluggish dollar. However, Fed’s decision to hold back tapering of its monthly bond buying program on Sep 18 led to another slump for the mining ETFs.
While the ‘Taper hold’ decision infused fresh life in the equity market, it beat down precious metals like gold and silver causing these products to underperform the broader stock market greatly. The situation is even more depressing for the miners as compared to their bullion tracking counterparts as most mining companies tend to be a leveraged play on the prices of underlying metals………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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