| The ongoing commodity rout has grabbed the attention of a few prominent investors in the market. Precious metals have taken a nosedive, with gold falling 6.5% and silver close to 7% on a YTD basis. Platinum and palladium have fallen even further by 20% and 26%, respectively.
Gold and gold investment, specifically, lacked luster during the past few months as investors anticipated an increase in the interest rate. Gold-backed leveraged ETFs such as the Direxion Daily Gold Miners 1 (NUGT) have considerably underperformed the backing metal. It lost a whopping 77% on a year-to-date basis. The leveraged ETF tracking silver investments, Proshares Silver Trust (AGC), has comparatively fallen less. It has fallen 20% on a year-to-date basis...............................................Full Article: Source
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