Commodities Redux: Loosely Following 2008's Sector Decline
Erik Swarts | Dec 10, 2014 12:43AM ET
While the respective moves are roughly half of 2008's magnitude - led by a corresponding seasonal pivot in the US Dollar and euro, commodities (such Gold, Oil, the CRB index as well as representative commodity ETFs Market Vectors Gold Miners (ARCA:GDX) and the SPDR Energy Select Sector Fund (ARCA:XLE) have loosely followed the glide path of the 2008 sector decline this year.
Should the comparative prove prescient, a similar dynamic will continue to develop as precious metals have found a foothold - before the broader sector and currency markets turn.
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