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SLX Analysis & Videos »
SLX: Bull or Bear?
The Russians Are Coming. . . To PA Coal Country
SLX
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-64.07%
in
1318 days
<> 
Russian steelmaker Severstal (SVJTF) agreed to a lower price of $300M USD payable to the principal shareholders (representing about 80% of all outstanding shares) of Western Pennsylvania coal miner PBS Coals (Toronto: PBS), while the price of C$8.30 per share to all other shareholders remains the same. The lower price tag values the deal at about $1B (USD), which is in line with the decline in coal prices, commodities, and global stock markets since the deal was originally announced in late August for $1.3B as re...
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The Fear Trade: Investors Pile into Gold and Treasuries
SLX
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+48.16%
in
25 days
(closed on 10/25/08)
<> The Dow suffered its biggest one-day point drop in history (although not even close on a percentage loss basis) as investors moved out of stocks into tradition safe havens such as Treasuries and gold (GLD). The failure of Congress to approve the $700B bailout package stunned investors as lawmakers worked through the weekend and practically around the clock to put together a plan that was widely expected to pass. The Senate will return Wednesday night while the House meets again this Thursday following the Jewish New Ye...
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About Market Vectors Steel ETF
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