Market Vectors Gold Miners ( GDX) -7.7%

Market Vectors Junior Gold Miners ( GDXJ) -11.6%

A stronger U.S. dollar sent commodities broadly lower, and gold bullion ETFs lost about 3% on the week. Miners were hit hard by a trifecta of a fall in gold prices, the larger decline in commodities and the decline in stocks.

Market Vectors Solar ( KWT) -13.2%

Claymore/MAC Global Solar ( TAN) -11.7%

In the previous week, France cut its subsidies to solar power makers, and Germany was expected to follow. This week, Germany delivered with the cuts and an already jittery market slammed solar shares. The news overshadowed a positive change for the solar industry in Ontario, where the government passed a $10 billion alternative energy deal with Samsung.
At the time of publication, Dion was long KOL, GDXJ and TLT.

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.

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