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Mining Funds / Commodities continue to move opposite the rest of the equity market
Looking down list of commoditiy ETF_ETNs, looks like nearly everything is down below 200 day avg...coffee, silver, cotton, precious metals, aluminum, natural gas, gold, nickel, base metals, oil, sugar:
Suspect this situation is good for consumers and companies that can add value separate from commodity prices.
Comments
Emerging markets rose a little today, but PM miners got hammered...again (2-3%). Bought a little PM miners at the closing.
Looking down list of commoditiy ETF_ETNs, looks like nearly everything is down below 200 day avg...coffee, silver, cotton, precious metals, aluminum, natural gas, gold, nickel, base metals, oil, sugar:
Suspect this situation is good for consumers and companies that can add value separate from commodity prices.