Joe Terranova Likes Copper And Crude Oil, But Not Natural Gas (USO, FCX, UNG)
Tonight on Fast Money, Joe Terranova referenced the fact that Goldman Sachs believes that the rally in commodities will continue as a result of improving fundamentals. Terranova said that this means investors should be buying copper and crude oil in particular. Terranova, believes, however, that natural gas will remain under pressure and advised anyone who is long the United States Natural Gas Fund ETF (NYSE: UNG) to "get out."
If you are interested in using the stock market to go long crude oil and copper, I would suggest buying either the United States Oil Fund ETF (NYSE: USO), or the Oil Service HOLDRs ETF (NYSE: OIH) and Freeport-McMoran Copper & Gold (NYSE: FCX).
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