Good news for Red-Hot Commodity ETFs subscribers …
RCE subs not only bought this ETF (DBA: 26.03 -0.08 -0.31%), they bought it twice. And it is breaking out to the upside. There are numerous reasons why, but the decline in the U.S. dollar is a major factor. As the U.S. dollar gets cheaper, American agricultural goods become much more affordable for foreign consumers, who come in and scoop them up.
There’s also been some bad weather that knocked the stuffing out out of those pie-in-the-sky harvest predictions. But you almost expect that, don’t you? I sure was. The dollar boost was gravy, rocket fuel, baby! LOL!
It’s a good time to be in Red-Hot Commodity ETFs.
More on this topic
(What's this?)
5 Ways to Protect Yourself or Profit From the U.S. Dollar Going Up or Down
(Shocked Investor, 10/14/09)
U.S. Dollar to Fall Further Versus Real
(Shocked Investor, 10/14/09)
Dollar headed for collapse?
(Real Wealth - Global Wealth Report, 9/17/09)
Guest Post: US Dollar Very Long Term Chart and Empirical Observations
(naked capitalism, 11/4/09)
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