Mon, Oct 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals more

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


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031