Four ETFs On Fire Right Now (KOL, GDX, UGA, RSX)
Posted on Wednesday, June 3rd, 2009 | In Exchange Traded Funds, Market Commentary
Last month, the financials were the big winners; this month, it has been the commodities. So it should come of little surprise that some of the best performing ETFs over the past four weeks are tied to commodity plays……
……The Bottom Line
Commodities had been badly beaten down since their extraordinary run-up last summer. It was only a matter of time until the subsequent collapse drew in bargain hunters. Going forward, the prices of these ETFs will likely be tied to factors such as the strength of the dollar and underlying supply and demand fundamentals rather than speculation or bargain hunting. In any event, these funds are on an impressive run and are worth keeping an eye on going forward.
Full Story: http://community.investopedia.com/news/IA/2009/Four-ETFs-On-Fire-Right-Now-KOL-ANR-FCL-MTL-GDX0603.aspx
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