24.10.2008 - Commodities ETFs take a beating
From Seekingalpha.com: Steel companies in the Market Vectors Steel Index Fund (SLX) dropped about 16% Wednesday and fell 70% over the last 6 months. Those numbers are comparable to the collapse in networking stocks of the dot-com bust! It's not much better for the more diversified miners. The S&P Metals and Mining Index Fund (XME) gave up nearly 19% in a single session, and blew up by 65% over the last half year. Gold, silver and copper may be down, but spot prices are not quite as bad off as company share prices. .... Full Article: Source
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