The week started out with a bang on Monday with Gold Stocks up 4-6%. Then stalled for the remainder of the week. Volume was weak across the board as traders finish their summer vacations. The real action will start after Labor day.
Below are this week’s results of our regularly discussed stocks:
SOX – Semiconductor Index
GLD – Gold Bullion Exchange Traded Fund (ETF)
GDX – Gold Mining Stocks ETF
CEF – Gold and Silver Bullion ETF
USO – Oil ETF
PHO – Water Resources ETF
BRIC – basket of 4 country ETFs: Brazil, Russia, India and China
BBO (Big-Build Out) – basket of 12 stocks critical to the industrialization of BRIC
Refer to the following links for more information on above stocks.