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September 16, 2015

Resource ETFs Still in Solid Downtrends

Blame it on China, a higher dollar, a premonition of a weaker global economy, or any number of factors from a long list, the fact remains that resource stocks are mired solidly on downtrend mode. I see no reason to attempt to front-run a trend change.

At some point resource stocks will generate manifold returns again, and I will take my cue from my TrendBands indicator. Buy and hold has certainly been a capital-destructive strategy here.

 

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