NEW YORK (
) -- 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.
Monday's market jump was not enough to quell investors' fears. On Tuesday, rising gold prices helped gold miners lead the ETF industry as investors continued to seek out defensive plays.
Given the recent rollercoaster ride we have endured over the past week, it might be surprising to learn that GDX has broken out to a new 2010 high and is less than 5% away from a new 52-week high.
Silver is another precious metal scoring big gains today. Over the past week, SLV has beaten out physically-based precious metal ETFs designed to track gold, palladium and platinum.
Right now, silver is at the center of controversy as regulators launch criminal and civil investigations of JPMorgan's influence over the silver market.
The troubled solar energy ETF is struggling to regain some ground after dipping below the $7.50 level late last week. Today's dip does little to aid the fund's prospects.
TAN has shown to be a wildly volatile ETF over the past few weeks. Until the fund's performance settles, I would advise investors to watch from the sidelines.
While the fund pocketed strong gains with the rest of the market on Monday, the coal ETF's jump was erased on Tuesday as jitters sent investors fleeing the fund.
KOL fell just below its 200-day moving average before being lifted by yesterday's market strength. Investors should keep an eye on its performance to see if it has any bounce left, or weather a major breakdown is on the way.
The euphoria surrounding the European aid plan for Greece has worn off and investors are once again punishing the markets of the most debt laden euro members. Among the funds most susceptible to a dip right now are EWP and the iShares MSCI Italy Index Fund (EWI). I continue to advise investors to steer clear of these and other Europe focused funds.
While precious metals like silver and gold are scoring gains today, base metals like aluminum and copper are taking a nosedive. Concerns over China's economy and a possible slowdown there have the markets nervous.
The fund has struggled to find support since the middle of April and in the first days of May has fallen below its 200-day moving average.
All prices as of 2:15 PM EST
At the time of publication, Dion Money Management owned GDX.
Don Dion is president and founder of
, 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.