Today
Sold my NYX position to purchase more ICE. Why? ICE is going faster and maybe an acquisition target. Also, in July they are raising the fee for contract by 6 cents.
I currently don't own any oil stocks. Yesterday I read an article that listed four companies with huge stock buybacks. Two of them were very interesting, GS and XOM.
I read an article today about the commodities shortage b/c China, India, and other emerging markets need for natural resources. There are two ways to play this Raymond said.
- buy industrial building companies (foster wheeler, ACM, SGR)
- buy the metal companies (RIO, BHP, PD)
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