Tuesday, November 6, 2007

Others on the 52 week high list

Noticed them this morning:

Gold - AUY
Silver - SLW
Oil Service - SU, APA

Gold must be at 28 year highs. I thought of taking the silver trade given the law of numbers. Which is the bigger % gain, gold moving from $800 to $1000 or silver from $15 to $20.

Regardless, I think its more to keep in the back of my mind if I have the spare cash to play a swingtrend. Interesting that VLO reported that their margins would be weaker going forward despite oil at $96/barrel. So perhaps the refiners may not reap the benefits, but other oil service companies will.

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