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the Precious metals GLD,SLV are over bought but the energy sector is just coming out of over sold.
look to DIG,XLE,ERX,OIH
You can also look to the basic metals, UYM for a swing trade.
ditch...I know you mean technically, but only about 5% of Americans own precious metals...that is hardly overbought IMHO! Good day Sir.
less than 1% of investment dollars in market are in precious metals. In early 80's was 5%. Still long way to go with many forks in road.
Oh, I'm not saying gold can't go to $2,000 or $5,000 in 5 years , I'm talking one to three weeks for this energy suggestion.
I got ya...well good luck to you.
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Energy stocks
Posted by ditch on 20th of Apr 2011 at 02:25 pm
the Precious metals GLD,SLV are over bought but the energy sector is just coming out of over sold.
look to DIG,XLE,ERX,OIH
You can also look to the basic metals, UYM for a swing trade.
ditch...I know you mean technically,
Posted by jtverr on 20th of Apr 2011 at 02:29 pm
ditch...I know you mean technically, but only about 5% of Americans own precious metals...that is hardly overbought IMHO! Good day Sir.
less than 1% of investment
Posted by mizzy on 20th of Apr 2011 at 02:31 pm
less than 1% of investment dollars in market are in precious metals. In early 80's was 5%. Still long way to go with many forks in road.
Oh, I'm not saying gold
Posted by ditch on 20th of Apr 2011 at 02:33 pm
Oh, I'm not saying gold can't go to $2,000 or $5,000 in 5 years , I'm talking one to three weeks for this energy suggestion.
I got ya...well good luck
Posted by jtverr on 20th of Apr 2011 at 02:41 pm
I got ya...well good luck to you.