Commodity Stocks Bounce! SPX, DO, RIG, SLB, NOV, OXY, APA, GOLD, RGLD, NEM, ABX, ANR, MCP, AMAT
Posted on May 24, 2011 at 20:43 PM EDT
Commodity stocks bounced today after Goldman Sachs gave a $135 target to oil by the end of the year. Oil closed under $100/barrel today. Oil services stocks were strong today: DO +1.68%, RIG +1.56%, SLB +1.46%, NOV +2.55%. Metals also bounced. Gold, silver, and copper all went higher. Gold miners were especially strong: GOLD +2.75%, [...]