Bolling: Commodity Opportunities Abound

Stock quotes in this article: USO , EP , QTWW , SLV , GLD , DBA  

One note to President-elect Barack Obama. I highly recommend you add 200 million to 300 million barrels to the Strategic Petroleum Reserve as soon as possible. We have been given a gift of cheap oil. Don't lose this opportunity to add at prices we haven't seen in many years. An investment of $8 billion to $10 billion out of a trillion dollar stimulus package will be cheap insurance. The SPR can be expanded to 1 billion to 1.1 billion barrels, providing a buffer from the next oil run up.

What? You don't think oil is going up? Ever?

When trading or investing, be mindful of this rule -- trade with your head, not over it.

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At the time of publication, Bolling was long U.S. Oil Fund, El Paso, Quantum Fuels, iShares Silver Trust, SPDR Gold Shares and PowerShares DB Agriculture, although holdings can change at any time.

Eric Bolling is a host on the new Fox Business Network. Bolling was one of the developers and original panelists (nicknamed "The Admiral") on CNBC's "Fast Money."

Bolling is an active trader specializing in commodities, resource trades and ETFs.

Bolling is a member of several exchanges including the New York Mercantile Exchange (NMX), the Intercontinental Exchange (ICE) and the Commodity Exchange of New York.

After spending five years on the board at Nymex, he became a strategic adviser to the board where he assisted in bringing the company public. He has been included in Trader Monthly Top 100 in 2005 and 2006. Bolling was the recipient of the Maybach Man of the Year Award in 2007 for his contribution of philanthropy and willingness to de-mystify investing to Main Street.

Bolling graduated from Rollins College in Winter Park, Fla., and was awarded a fellowship to Duke University. Bolling was an accomplished baseball player. He was drafted by the Pittsburgh Pirates where he played before his career was cut short due to injuries. He honors his baseball past by sporting the Nymex trader badge, R.B.I.





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