Commodity Review
USO - Crude Oil
DBA - Grains
GLD - Gold
SLV - Silver
Not much has changed in a week. Gold, Silver and Grains are still correcting and only Gold is getting near its target. Crude Oil is driving everyone nuts including me.
Saturday, May 03, 2008
DBA - Grains GLD - Gold SLV - Silver Not much has changed in a week. Gold, Silver and Grains are still correcting and only Gold is getting near its target. Crude Oil is driving everyone nuts including me.
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4 Comments:
good post
"Crude Oil is driving everyone nuts including me."
lol!
Well, I do appreciate honesty. :)
My USO has been doing nicely for me. Maybe it is time to take some gains?
the fundies for Crude Oil do not make sense right now - I think a lot of specs are in the market pushing things up too high. The big question I have for this is - are the specs going to get hurt by the slow down or are they already in the market for when the rebound happens? and Oil prices go higher.
i'm kinda thinking that fridays rally was an invitation to get short again-i think there was short covering by the "just in casers"
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