ETF Insider: Prudent Buying After Panic Selling
June 06, 2011 at 07:05 AM EDT
Investors poured into U.S. Treasuries last week as far worse than expected economic data from the manufacturing and housing sectors sent waves of anxiety through equity markets both in the U.S. and abroad. Surprisingly enough, amidst all the chaos even gold failed to climb much higher and the precious metal closed just above $1,540 for the week. Volatility in the energy market remains abundant as crude oil futures wildly fluctuated between $98 and $103 a barrel, managing to close just above the $100 level by the end of the trading week. Silver failed to regain the $40 level and futures contracts sank lower by about $2 throughout the week, closing at around $36.28 an ounce. As expected, the U.S. dollar continued to depreciate and we are cautiously holding our ground in anticipation of an equity-market rebound in the coming days. Against this backdrop, we see several technicals-based opportunities among the [...] Click here to read the original article on ETFdb.com. Related Posts: Seven ETFs To Invest Like Peter Schiff Van Eck Launches Small Cap Germany ETF (GERJ) IndexIQ Files For International Small Cap, Asian Tiger ETFs 11 Rapid Fire ETF Ideas For 2011 Counting Down The Best New ETFs Of 2010
