That was a heck of a start for the year of the Dragon. Apparently, at least for the first trading day, it’s the year of the bull, too. Fittingly, the dragon is the symbol of power and wealth. That’s exactly what stocks did, powered their way up 1.5% and creating wealth for long investors.
But what stocks did pales in comparison to oil, silver and gold’s performance. They were up more than 4%, 7% and 3% respectively. Those are fire-breathing numbers.
Unsurprisingly, a review of the day’s best performing ETFs shows gold, silver and oil funds near the top. Short-term investors might consider iShares Silver Trust (SLV) or SPDR Gold Shares (GLD); however, with all the mischief at MF Global, long-term investors would be wiser to insist on the physical stuff.
While the Federal Reserve and European Central’s Banks easy money policies and expanding balance sheets are certainly a plus for commodities, the on-going war of words between Iran and the US could juice oil prices.
The rhetoric and brinksmanship is heating up, and as Top Equity News mentioned up top, so is oil’s price. Like we do every week, TEN ripped open ETFs looking for the best performing common holdings.
This week, we identified 10 oil & gas stocks in more than two exchange-traded-funds; they include:
Stone Energy Corp. (SGY)
Swift Energy Co. (SFY)
HollyFrontier Corporation (HFC)
Devon Energy Corporation (DVN)
BPZ Resources, Inc. (BPZ)
Plains Exploration & Production Company (PXP)
Whiting Petroleum Corp. (WLL)
CVR Energy, Inc. (CVI)
W&T Offshore Inc. (WTI)
Western Refining Inc. (WNR)
If you are interested in low-priced stocks, BPZ Resources, Inc. (BPZ) might be of interest. BPZ closed last night at $3 and could be on a path to 3.50. The move would be a considerable 16% gain.
Shares have been trading within a box with a topside price of $3.50 and a bottom-side around $2.70ish since August 2011. In a bullish sign, the oil & gas drilling & exploration company’s 50, 26 and 12 day averages are starting to trend higher. The last time the shorter-term averages turned north, BPZ jetted to $3.50 within a couple of weeks.
A few more sharp elbows in the Persian Gulf and another run could happen in a matter of days this time around.
ETF X-Ray: It’s Oil All Day is an article from: 
