This Week's Notable ETF Movers (GLD) (SLV) (USO) (UNG) (XLF) (XLK)

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Below is a summary of notable ETF action this week:

• Spot Gold (NYSE: GLD) took a hit this week and closed down 3.28 percent, ending the week on four month lows. In addition to worries that the Fed may be done easing, the losses were attributed to technical trading that accelerated as the spot price on gold futures broke through $1600/oz.
  
  
• Spot Silver (NYSE: SLV) saw action inline with the price of spot gold. Interestingly, it seems the price of precious metals have "decoupled" from their relationship with US Treasure bonds. In other words, precious metals are no longer acting like 'safe havens' – at least for now.
  
  
• Crude Oil (NYSE: USO) saw choppy action late in the week after seeing heavy selling pressure on Tuesday. The move lower was fueled by data that suggested inventory is building.
  
  
• Natural Gas (NYSE: UNG) had a great week posting gains of 7 percent. Energy traders are rotating into the alternative fuel as supply seems to be lining up with demand for the first time in a long time.
  
  
• Financial Sector stocks (NYSE: XLF) took a hit of 2 percent thanks to JPMorgan and trading losses of $2 billion on credit hedges.
  
  
• The technology sector ETF (NYSE: XLK) went flat after a conference call by Cisco spooked investors. It ended the week negative by 0.14 percent.

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