S&P Metals And Mining (XME) has lost strength and is down 15.9% in two weeks, and down 66.9% for the past six months. So what is an investor to do?
For the time being, commodities are not a good idea, but for the long haul, they are desirable in any portfolio. While economies suffer, the world’s population growth isn’t going to slow. Once things turn around and money flows more freely through the marketplace, demand for many commodities could resume.
Until then, we’re sticking to our strategy of staying on the sidelines until the trends turn positive once again.