Gaining on Bad News
The largest oil field in the USA has been shut down and this will bring much higher oil prices. BP is talking about fixing the majority of the pipeline and it may take months to repair the problem. With this problem comes good deeds to investors and these oil ETF’s will shine bright until the world gets ahold of this problem.
Energy Select Sector SPDR (XLE) 58.45
Oil Services HOLDRs (OIH) 141.36
Also, oil equipment will be a great option since the price of oil is going up so will the demand of more drilling and pumping.
iShares Dow Jones US Oil Equipment Index (IEZ) 46.04
Pay attention to copper again as the world’s largest copper mine is on strike in Chile. It was only months ago that copper was playing with all time highs and with this strike copper may hit new record highs.
While on the subject of metal silver has hit 25 year highs and the silver ETF’s are becoming a wide interest to many.
iShares Silver Trust (SLV) 123.10
Last week this ETF gained 8 percent and it is still trying to gain back May highs of 152.
Apex Silver Mines Ltd. (SIL) 15.80
