All Posts Tagged With: "commodity etf"
Short Sell Oppotunities on Oil and Gas ETFs USO and UNG
1-2-3 Trader editor Jim Stanton says commodity ETFs are riding the three-point waves of a downturn. After the first trough, the stock stages a small rally, before heading back down. This pattern provides good buy and sell signals for resource investors. Jim says ETFs United States Oil Fund (AMEX: USO) and United States Natural Gas Fund (AMEX: UNG) have further short-term corrections ahead, meaning an opportunity to go short.
Byron King Says Commodities in a Short-Term Correction
It’s a difficult time for commodities bulls. Crude oil is off more than 20% from its July peak. Gold is going for about $830 an ounce, way off its Spring highs. And the Reuters/Jefferies CRB Index is down 19% from its June high.
Energy expert Byron King says investors shouldn’t panic over the drop in prices. For a start, August is a notoriously poor month for commodities. It tends to be a month of net selling.
Despite some demand issues caused by the global slowdown, Byron says commodities are in a short-term correction. And that means plenty of great bargains on offer…
Peter Schiff Says Commodities Dip Is a Market ‘Fake’
There’s plenty of bullish sentiment around commodities here at Contrarian Profits.
Byron King says gold and oil prices are experiencing a correction, not a trend reversal, and that the long-term prospects for these commodities are bullish.
Euro Pacific Capital president Peter Schiff goes even further. He reckons the outlook for gold and oil has never been brighter. That’s because the current dip in commodity prices - and the dollar rally - is a market ‘fake’ that Wall Street has bought into without a rationale. The fundamentals simply don’t support it…
Manraaj Singh Says Sugar Is a Sweet Investment Right Now
Sugar could be the next commodity to soar in price, says Profit Hunter’s Manraaj Singh.
The price of sugar has risen 37% in the last year, and this was with a huge surplus. Next year, droughts in India and rains in Brazil — the world’s two biggest sugar producers — could create a shortage in the market.
Manraaj says these supply shocks have not yet been priced into the market, meaning sugar could be at the start of a huge rally…
Commodity Correction Has Further to Run
We’ve heard from Russell McDougal that resource stocks are a bargain for investors right now. But The Daily Reckoning’s Dan Denning says there could be more pain for resource investors in the short term. Commodities are getting caught up in the bear market, and technical analyst Gabirel Andre says the correction has further to go. More from Dan…
Invest in Energy to Avoid US Economic Train Wreck
Dan Denning says equity shareholders are being wiped out in the current financial crisis. And bondholders are next in line. If you are going to buy debt, make sure it is good debt. In today’s climate, that means it should be based on real assets with real demand… like energy stocks.
Food Producers Fail to Benefit from Spike in Market Prices
Although meat-and-dairy prices are expected to zoom even higher from their current record levels, this slice of the commodities boom won’t be a slam-dunk profit play for investors: Many food producers are watching the revenue gains they’re reaping from the rising market prices get wiped by even bigger spikes in commodity-related expenses.
“We are in the early stages of what will become a big mess for producers” of food products, including meat-and-dairy offerings, Greg Wagner, a senior analyst at Ag Resource Co., told the Dow Jones News Service. Over the next few years, retail food prices “will rise like never before.”
Oil Shares Aren’t Following Crude Highs
There’s yet another market anomaly happening this year. This one is hurting many commodity bulls who called the market right, but chose the wrong way to play the trend.
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