Gold and silver miner ETFs have been outperforming precious metal prices the past month in a potential reversal of the long-term trend. [Are Gold ETFs to Blame for Manager Underperformance?]
For example, Global X Silver Miners ETF (NYSEArca: SIL) is up 30% the past four weeks to lead all unleveraged ETFs. [Podcast: Silver Miner ETF]
This week, the top three unleveraged ETFswere Market Vectors Rare Earth/Strategic Metals (NYSEArca: RMEX), iPath Coffee (NYSEArca: JO) and U.S. Natural Gas Fund (NYSEArca: UNG) with gains of more than 10%.
Conversely, the bottom three unleveraged ETFs this week were ProShares VIX Mid-Term Futures (NYSEArca: VIXM), iPath S&P 500 VIX Mid-Term Futures (NYSEArca: VXZ) and PIMCO 25+ Year Zero Coupon U.S. Treasury (NYSEArca: ZROZ) with setbacks of at least 7%.
Next week’s economic data features several reports on housing. Look for updates on homebuilder confidence, housing starts and existing home sales.