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Metals Zoom Ahead with Stocks

ETFguide.com

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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