Symbol ---- USO United States Oil Fund
So, this is a way you can take advantage of the oil commodities market. Just in case you don't have an oil well in you're back yard. It moves up and down with the price of oil.
Today's price 41.37 It's a little pricey, but you could trade the options which are a lot cheaper, you could control a 100 share block for two or three hundred.
Average trading volume is 9,891,540. Good volume
Symbol ---- SLV iShares Silver Trust
This is a way you can trade silver, without having to store physical silver. The fund owns silver bullion.
Today's price is 34.40
Trading volume is 17,729,700
I love silver, or I did when it was cheap. I used to go to my local coin dealers and buy up all the one ounce Englehard silver bullion bars I could get my hands on.... I used to drool over the 100 oz ingots they sometimes had. The lowest price I bought my silver for was just at 5.00. However, a few years ago, I sold all my silver for about 17.00 an ounce rationalizing that silver couldn't possibly go any higher. If I had know then what I know now about trading, I wouldn't have sold all my silver all at once, and I would have been able to get a little more money out of my investment.
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