Posted by frtaylor on 17th of Oct 2012 at 09:14 am
I've been trading and now watching the XME etf for a while.
It tracks the S&P metals and mining select industry
sector. The etf's top holdings include FCX, NEM, AA, CNX,
NUE, BTU, RGLD, CLF, RS, and ANV. It seems like a good etf as
an inflation trade as well as a recovering economy. I posted
the chart a couple days ago.
Matt and Steve, or others, I'd love to hear your thoughts on XME
chart-wise, and generally how you think it should behave going
forward given its makeup. Am I too bullish on this etf?
I got out near the top of the channel a few days back and am
hoping for a pullback. If gold pulls back further that
should help, but it really tracks differently than GDX, due to the
coal/steel/aluminum components, which have been doing well (CLF in
the last two days!).
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XME etf
Posted by frtaylor on 17th of Oct 2012 at 09:14 am
I've been trading and now watching the XME etf for a while. It tracks the S&P metals and mining select industry sector. The etf's top holdings include FCX, NEM, AA, CNX, NUE, BTU, RGLD, CLF, RS, and ANV. It seems like a good etf as an inflation trade as well as a recovering economy. I posted the chart a couple days ago.
Matt and Steve, or others, I'd love to hear your thoughts on XME chart-wise, and generally how you think it should behave going forward given its makeup. Am I too bullish on this etf? I got out near the top of the channel a few days back and am hoping for a pullback. If gold pulls back further that should help, but it really tracks differently than GDX, due to the coal/steel/aluminum components, which have been doing well (CLF in the last two days!).