Some of the air has come out of the long nickel trade as the iPath Dow Jones-UBS Nickel Total Return Sub-Index ETN (NYSEArca: JJN). Nickel futures have soared this year, sending JJN higher by 14.6%, due to the crisis in Ukraine and an export ban in Indonesia. However, investors pulled cash from nickel ETPs last week, according to ETF Securities. [Sanctions, Export Ban Lift Nickel ETN]
The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) is poised to close the first quarter as one of the best non-leveraged ETPs, up 59% year-to-date, but coffee ETNs have seen nine straight weeks of outflows on expectations of rainfall in Brazil, the world’s largest producer of Arabica beans, according to ETF Securities.
ETFS Physical Silver Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of SLV.