NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by during the week to find out which ETFs are gaining or losing.
iShares MSCI Italy Index Fund (EWI) 3.6%
The Italy ETF is heading higher, recovering to its 200-day moving average, and flirting with previous February highs. Other countries in the European Union are following suit. Funds including the iShares MSCI Germany Index Fund (EWG) and the iShares MSCI France Index Fund (EWG) are also sitting in positive territory.
Market Vectors Vietnam ETF (VNM) 3.3%After two consecutive days of downward action, the Vietnam ETF has reversed course and is once again locking in gains. Although this about-face has allowed the fund to recover a respectable portion of its recent losses, I encourage investors to stick to the sidelines. More choppiness could be up ahead. SPDR S&P Metals & Mining ETF (XME) 2.0% After Wednesday's steep sell-off, miner stocks are enjoying a refreshing turnaround. Aside from XME, the Market Vectors Gold Miners ETF (GDX) and the Global X Silver Miners ETF (SIL) are also strengthening. Bullion-backed precious metals funds that got hit especially hard during Wednesday's downturn are rebounding as well. The iShares Silver Trust (SLV) and iShares Gold Trust (IAU) are witnessing gains.