Monday, January 3, 2011

Hot ETFS of The Day (UNG, USO, REMX, ICO) - Wall Street Bay

Hot ETFS of The Day (UNG, USO, REMX, ICO)
Written by Kelly Frejus   
Monday, 03 January 2011 10:36
United States Natural Gas Fund, LP (NYSE:UNG) is the biggest gainer and soared 5.60% helped by 5.50% jump in the prices of Natural Gas on below-average temps forecast into next week. In 2010, Natural Gas slumped 20% and was the top loser in the commodities.

United States Oil Fund LP (ETF) (NYSE:USO) is also up 0.85% as Crude Oil jumped 1% to over $92 after climbing to multi years high earlier in the session.

Market Vectors Rare Earth Strat Met ETF (NYSE:REMX) soared 7.10% to $25.70 and made a record high of $25.93 as stocks of Rare Earth Stocks continues to be in focus due to policy concern from China. Rare Element Resources Ltd. (AMEX:REE) and Avalon Rare Metals Inc. (AMEX:AVL) are leading the index.

International Coal Group, Inc. (NYSE:ICO) jumped 3.81% after hitting new 52-week high of $49.04 earlier in the session. Patriot Coal Corporation (NYSE:PCX) and International Coal Group, Inc. (NYSE:ICO) are leading Index higher.


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Source: "ETF Natural Gas" via Glen in Google Reader

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