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Spider ETF in mining and metals ticker XME

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    Spider ETF in mining and metals ticker XME

    I'm planning to invest $8000 in the spider ETF in metals & mining, XME. This 5 year graph shows that it traded at a high of $70 in 2011, today it's $28. Would this be considered buying low and possibly selling high? And would investing in the XME be like fools gold, it looks good but really it is not.

    https://research.scottrade.com/qnr/P...ary?symbol=XME

    https://www.spdrs.com/product/fund.seam?ticker=XME

    #2
    It could be buying low, but it could be catching a falling knife.

    Commodities may not have bottomed, and even if they have, there is no guarantee of a fast recovery.

    How is this fund trading against its peers? At a premium or a discount?

    You'll get a little bit of a dividend out of this, but not much. 2% or so.

    Why are you looking at natural resource ETFs?

    You might be better off looking at MLPs if you are bargain shopping energy.
    Brian

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