Q: Not super happy about the 2% drop in the price of oil today; however, I am a bit more mystified by the 5%+ drop in the price of XME. Is this a function, for whatever, reason, of inflation fears? Your perspective would be extremely welcome. Thanks!
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AltaGas Ltd. (ALA)
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BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT)
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BMO Equal Weight Oil & Gas Index ETF (ZEO)
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iShares S&P/TSX Composite High Dividend Index ETF (XEI)
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iShares S&P/TSX Capped Energy Index ETF (XEG)
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iShares S&P/TSX Global Base Metals Index ETF (XBM)
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United States Oil Fund (USO)
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VanEck Oil Services ETF (OIH)
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Tourmaline Oil Corp Subscription Rcpt (TOUR)
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SPDR Metals & Mining ETF (XME)
Q: I own XEI, ALA, and TOUr but little oil.
I'm hoping to buy base metals and oil in an CDN etf. Do you think this is a good idea and what would you recommend?
I'm hoping to buy base metals and oil in an US etf. Do you think this is a good idea and what would you recommend?
Q: I happily sold June 18, 2021 calls today against my long XME position. Given that this yielded a, to me, amazing 4.47%, I anticipate a Summer of repeating (I hope) this process. Do you perceive that the metals "surge" is in my favor? (note: being assigned would not disturb me in the least) What is your position on the value of covered call writing for income purposes?
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