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Commodity Funds Hit Hard by Selling

Commodity ETFs, which have been leading the market, have been hit by a wave of selling in recent weeks. Specifically funds connected to the energy, steel and coal industries have sold off.

Leading the way down with a 22% decline is the Natural Gas ETF

The Coal ETF which invests in coal mining stocks has seen better days:

Finally the steel ETF peaked in mid-May and has seen steady selling since that time.

Posted on Monday, July 21, 2008 at 01:59AM by Registered CommenterMichael in | Comments1 Comment

Reader Comments (1)

I was just listening to an InvestTalk show on commodities that is a great counterpart to this entry: http://blog.investtalk.com
August 11, 2008 | Unregistered CommenterGrace
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