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You Might Be Crazy To Buy This ETF Or It Might Really Work

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SPDR S&P Metals and Mining ETF ETF:XME, Market Vectors TR Gold Miners ETF ETF:GDX - You Might Be Crazy To Buy This ETF Or It Might Really Work

The Materials Select Sector SPDR XLB 2.37% is down 13.7 percent this year, making it the second-worst performer among the nine sector SPDRs. The Market Vectors-Coal ETF KOL 5.16%, Market Vectors Gold Miners ETF GDX 3.83% and the Market Vectors Steel (ETF) SLX 4.12% are lower by 44.5 percent, 21.2 percent and 36.4 percent, respectively.

With those data points in mind, it might seem like a death wish for a trading account to become involved with a metals and mining ETF of any type, let alone one that is heavy on gold miners, coal miners and steel producers.

Mr. Market seems to believe as much, as the SPDR S&P Metals and Mining (ETF) XME 4.85% has shed 43.2 percent this year. XME's woes are easily...


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