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Metals Zoom Ahead with Stocks


Stocks just recorded their best January in 15 years and they're doing it along with another investment category that usually zags when stocks are zooming: Metals.

Industrial metals like aluminum (NYSEArca: JJU - News) and nickel (NYSEArca: JJN - News) have already climbed between 13 to 14 percent since the beginning of the year.

The broader industrial metals segment is also ahead double digits. The iPath Dow Jones-UBS Industrial Metals Total Return Sub-Index ETN (NYSEArca: JJM - News), which covers this category, tracks futures contracts on aluminum, nickel, zinc and copper. JJM is ahead 13.03%.

Over in the precious metals market, silver (NYSEArca: SLV - News) has jumped by 21.64% and is easily outperforming gold (NYSEArca: IAU - News), which has gained 11.69% year-to-date. Precious metals seem to be getting a boost from the realization that world governments are spending themselves into bankruptcy.

ETFs that leverage exposure to gold and silver are also ahead strongly.

The ProShares Ultra Silver ETF (NYSEArca: AGQ - News), which offers daily 2x long exposure to silver has skyrocketed by 46%. Meanwhile, the Ultra Gold ETF (NYSEArca: UGL - News), which employs the same daily 2x leverage strategy but with gold, is ahead by 23.66%. 

The broad U.S. stock market (NYSEArca: SCHB - News) is up 6.08%, while developed market stocks (NYSEArca: EFA - News) have gained 6.93%.

Finally, European stocks (NYSEArca: VGK - News) have increased by almost 8% in value. 

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