Gold miners have spiked over the last week, outperforming all other ETFs we tracking. Oil, on the other hand, continues to get hit hard with USO, DBE, and DBO all on top of our worst performers list. Huge builds in inventories and products in today’s EIA report on the US petroleum market are helping the cause. Other good performers of late have included Mexico, Japan, biotech, and some small cap indices. Commodities in general continue to underperform; base metals, broad commodity indices, and natural gas.

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