Markst Vectors Steel Index E.T.F.
SLX-N
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See his educational segment. The bump we saw in China is over. China will grow at a much lower rate than the last couple of years. He is playing SLX-N as the best infrastructure play as it is steel in the US.
Steel benefits more from October through to May when manufacturing does well and all the cyclicals do well. The average gain for steel over that time is about 7%. There has been improvement in manufacturing recently, which is not seasonably typical.
Steel benefits more from October through to May when manufacturing does well and all the cyclicals do well. The average gain for steel over that time is about 7%. There has been improvement in manufacturing recently, which is not seasonably typical.
Has all the global steel players in it. The Chinese government is 50% of GDP. He would not buy yet, but sometime in 2013 for a 3-5 year hold. Don't chase it here.
Has all the global steel players in it. The Chinese government is 50% of GDP. He would not buy yet, but sometime in 2013 for a 3-5 year hold. Don't chase it here.
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See his educational segment. The bump we saw in China is over. China will grow at a much lower rate than the last couple of years. He is playing SLX-N as the best infrastructure play as it is steel in the US.