All Entries Tagged With: "Commodities Rise Again"

Commodities Rise Again

Commodities rose again on the Trading day as prices climbed despite the relative bleak performance by the Nasdaq. The three major commodity indexes all held onto their gains though as they continue to perform well throughout the year. We saw Crude Oil rise again to a little over $71 a barrel. After rapid gains, oil has seen a bit of a stalemate recently with not much movement. I still fully expect for it to climb another 20% on the year ending around $95 a barrel making it a bullish sector. If your looking for a list of stocks within this sector check out the links of previous articles on strong oil and gas stocks and the research report on Noble Corporation (NE). Natural gas was another industry that extended gains as at the end of the day futures spiked. Looking back on the month of July, the Natural Gas industry has proven to be Bullish and displayed strength and trended upward for most of the session poising for future success. Strong play in this industry would be the U.S. based Natural Gas giant Andarko (APC). We more supporters of Natural Gas along with the full-fledged plan of T. Boone Pickens the future of this commodity is strong.  Finally Gold and Silver ended the day up as gold finished at $936.00 per ounce and silver at $14.28 per ounce. Usually the quota is when the dollar is weak and economy is bad invest in gold and silver. Since we are in the middle stage of recovery I still agree gold is a good play. Personally I would buy gold straight up if you can as the problem with a variety of gold based companies is they struggle with debt problems, rising mining costs, and less demand. If you we to purchase a gold stock I would recommend Yamana Gold (AUY). Good to see commodities rising as my portfolio has been fully invested within the sector for quite some time now.