Dion's Friday ETF Winners and Losers - TheStreet

Dion's Friday ETF Winners and Losers

Precious metal ETFs were leading the winners in today's trading session.
Author:
Publish date:

NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

+3.4%

At the close of a welcome up week, precious metals are leading the pack. Gold and silver miners and physically backed silver ETFs such as

iShares Silver Trust

(SLV) - Get Report

are the biggest gainers from this market slice.

Market Vectors Indonesia ETF

(IDX) - Get Report

+2.7%

Indonesia's markets are scoring gains on Friday as the nation's currency powers to its largest weekly gain of the month. Over the next few days, IDX may prove to be an interesting fund to watch. Throughout the past week, the fund has managed to surge through its 50-day moving average and approach previous 2010 highs.

iShares MSCI South Korea Index Fund

(EWY) - Get Report

+1.6%

Another Asian nation-focused ETF heading higher at the close of this week is iShares South Korea. Although the second half of May and first week of June were trying for this fund as tensions grew between the two halves of the Korean peninsula, things appear to have eased a bit, leading investors to return to the nation's markets.

Losers

iPath Dow Jones-UBS Sugar Total Return Subindex ETN

(SGG) - Get Report

-1.2%

Sugar prices continue to slump, leading SGG back below its 50-day moving average. Although it has faced headwinds throughout the better part of 2010, in recent weeks the sweetener has shown signs of bottoming.

Investors looking to play sugar should avoid SGG due to its volatile nature. Instead, it is safer to opt for a more diversified agriculture ETF like the

PowerShares DB Agriculture Fund

(DBA) - Get Report

.

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

-1.8%

Despite today's quadruple witching, issues facing the European Union and BP's oil spill issues, fear has still managed to fall by the wayside, driving VIX and iPath VXX ETN lower.

Today's tumble brings the fund below its 50-day moving average. The last time the fund was below this level was prior to May's correction.

iPath Dow Jones-UBS Copper Total Return Subindex ETN

(JCC)

-1.1%

A less-than-optimistic manufacturing report from the Philadelphia Federal Reserve Bank, rising initial jobless claims, and a dismal U.S. housing starts report are all weighing on the price of copper today.

United States Natural Gas Fund

(UNG) - Get Report

-2.2%

UNG is losing the gains it made yesterday in the wake of a better than expected inventory number from the Energy Information Administration.

Still, with BP still struggling to contain its mess in the Gulf of Mexico, the natural gas industry has a great opportunity to gain favor. Playing the fuel itself, however, can be tricky. My favorite choice for playing natural gas is

First Trust ISE Revere Natural Gas Index ETF

(FCG) - Get Report

.

All prices as of 2:48 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long IAU.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.