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Trading Gold and Oil Commodities on the NYSE



August 05, 2009 – Comments (1) | RELATED TICKERS: USO , GLD

Just an FYI. You want to trade directly on the price of oil and gold directly, but do not want to open a margin account and start trading on the NYMEX. Investing in gold miners or oil drillers is not quite the same thing. Well, here is how.

Gold: IAU, GLD. These directly hold bullion, and the price of the stock is directly related to the price per troy oz of gold. True, you are paying a slightly higher admin fee from storage and insurance costs. Still, the price tracks the spot price of gold.

Oil: OIL, USO, USL. These directly hold oil options contracts. The price of the stock is directly related to the forward month contract of oil per bbl.

1 Comments – Post Your Own

#1) On August 05, 2009 at 8:10 PM, LuckyStrike88 (< 20) wrote:

Although I think they are better than many of the plays out there.  It is a common rumor that these ETF's may not have the commodities in reserve that they claim to have.

Like the saying goes "if you don't hold it, you don't own it"

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