06.05.2011 - Selloff drives bearish moves in oil, silver ETFs
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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