Investors remain fixated on Europe’s debt crisis although markets shrugged off Moody’s downgrading 15 of the world’s largest banks.
Despite the pullback in oil and precious metals, there were some standout performers in commodity ETFs this week, including corn, grains, agriculture and natural gas.
The top three unleveraged ETFs this week were Teucrium Corn (NYSEArca: CORN), iPath Grains (NYSEArca: JJG) and U.S Natural Gas (NYSEArca: UNG). There were on track for gains of at least 6% in afternoon dealings Friday.
In next week’s economic data, look for reports on home sales and prices, consumer confidence, durable goods orders, and personal spending and income.
iShares Silver Trust
Full disclosure: Tom Lydon’s clients own SLV.