Agriculture ETFs are hurting in intraday trading: PowerShares DB Agriculture (DBA) was down 4.5% intraday, while Market Vectors Global Agribusiness (MOO) was 4.8% lower.
We recently held DBA for our clients, but finally sold it when it dipped 8% off its high – we stuck to our plan. It’s up 18.1% year-to-date, while MOO is down 3.9% year-to-date.
iShares COMEX Gold Trust (IAU) and streetTRACKS Gold Shares (GLD) are down more than 3% intraday. Market Vectors Gold Miners (GDX) is down more than 5%, and iShares Silver Trust (SLV) is more than 6% lower intraday.
Will this turn of events continue, or will this new market optimism be short-lived?