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October 16th, 2009 at 1:19 pm
Harrod’s (big luxury Dept store) in UK selling gold bars as luxury/fashion item saved gold today:
Sector ETF strength: Gold Miners– GDX +0.7%. Commodities– GSG +0.7%. Silver– SLV +0.3%. Utilities– XLU +0.3%. Gold– GLD +0.2%.
Sector ETF weakness: Commercial Banks– KBE -2.7%. Regional Banks– RKH -2.7%. Semis– IGW -2.7%. Real Estate– IYR -2.6%. Insurance– KIE -2.5%. Solar– TAN -2.4%. Financials– XLF -2.3%.