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Selloff drives bearish moves in oil, silver ETFs

Posted on 06 May 2011

A broad selloff in commodities sent investors in the options market scurrying for defensive positions in exchange-traded funds that track crude oil and silver.

The months-long rally in commodities beat a retreat Thursday as the U.S. dollar rallied and the euro faltered after European central bankers indicated an interest-rate increase wasn’t imminent. The strengthening dollar and sliding oil prices acted as a signal to abandon metals like silver, which is down 25% in the past four days……………………………………….Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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