From Zacks: Metals are riding high on favorable demand-supply dynamics and a subdued greenback. Powershares DB US Dollar Index Bullish Fund (UUP – Free Report) is off about 9.7% so far this year and has lost about 1% in the last one month (as of Sep 19, 2017). Since most commodities are priced in the greenback, a dip […]
The SPDR S&P Metals & Mining ETF (XME) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +2.1% one-day return and outperforming the wider markets by a total of 1.88 percentage points.
From Zacks: At the final leg of 2016, the year which spelt gloom for the broader market initially and cheers later, we can safely spot a few sectors that did surprisingly well. Among the surprising winners, the metal and mining sector has outperformed the market (read: 5 ETFs Up Over 100% This Year).
The XME (SPDR S&P Metals & Mining, Expense Ratio 0.35%, $913 million in AUM) has turned in a stellar year thus far in terms of delivering over 108% return in terms of year-to-date performance and pulling in more than $325 million in new assets via creations, and we have seen an uptick in options volume […]
Just as we thought the momentum was all set to die down for the red-hot gold and silver ETF group, this past week saw a re-acceleration of buyers stampede their way back in and take precious metal ETFs to another monster week.
NYSE:MCP, NYSEARCA:XME, NYSEARCA:PICK
NYSEARCA:GEMS, NYSEARCA:XME, NYSEARCA:GLD, NYSEARCA:JEM
NYSEARCA:XME, NYSEARCA:XOP, NYSEARCA:XLE
NYSEARCA:IWM, NYSEARCA:XLB, NYSEARCA:XLI, NYSEARCA:XLY, NYSEARCA:XME, NYSEARCA:XRT, NYSEARCA:IJK