Let me start by saying I am biased: I love commodities.
I own several natural resources funds, gold and silver companies, and GLD. I love the fundamentals and the diversification they offer, so I am always looking for new ways to get exposure. And I believe I just found it: The Rogers International Commodity Index, (symbol, RJI, http://www.elementsetn.com/ProductsPage.aspx).
This new index is comprised of 36 commodity futures contracts: 44% energy, 34% agriculture, and 22% metals. Keep in mind, RJI is an Exchange-Traded-Note, meaning, it is a debt security with market and issuer risks, it matures in 2022 and is traded on the American Stock Exchange.
Through one security, I can gain exposure to all commodities and reduce my portfolio correlation and risk profile.
I urge you to visit the website in order to find out more and to do your own due diligence before investing!
Amaury
Contributing Author, ETF Updater
http://etfupdater.com
Showing posts with label US Dollar. Show all posts
Showing posts with label US Dollar. Show all posts
Friday, December 28, 2007
Saturday, December 22, 2007
This Week's Economic Data
This was a light week for economic data. The Empire (NY) Manufacturing Index for December came in lower at 10.3 versus 20.0, the Philly Index also disappointed at -5.7 versus 6.0 later on the week and the now irrelevant final revision for 3Q GDP was reported, in-line, at 4.9%.
Investors received a mild positive on Friday, with Personal Spending for November higher than expected at 1.1% versus 0.7% and the Core PCE Deflator was also higher at 2.2% versus 2% year-over-year. Don't tell the Fed and Santa!
The major indices finished the week higher:
Russell 2000 +4.17%
Nasdaq +2.13%
S&P500 +1.13%
Dow Jones +0.83%
The US Dollar finished slightly higher at 77.72 and gold finished the week at $815.40, up $17.40 on renewed inflation worries as oil rallied up $2.06 on the week.
Check out next week's calendar at:
http://www.bloomberg.com/markets/ecalendar/index.html
Investors received a mild positive on Friday, with Personal Spending for November higher than expected at 1.1% versus 0.7% and the Core PCE Deflator was also higher at 2.2% versus 2% year-over-year. Don't tell the Fed and Santa!
The major indices finished the week higher:
Russell 2000 +4.17%
Nasdaq +2.13%
S&P500 +1.13%
Dow Jones +0.83%
The US Dollar finished slightly higher at 77.72 and gold finished the week at $815.40, up $17.40 on renewed inflation worries as oil rallied up $2.06 on the week.
Check out next week's calendar at:
http://www.bloomberg.com/markets/ecalendar/index.html
Saturday, December 15, 2007
Traders' Market Update
The BIG story of the week was the FOMC meeting on Tuesday...and the market's disappointment in 'only' 25 bps cuts on the Fed and discount rates. The Fed then surprised investors the next morning, in a coordinated plan with other global central banks, by injecting up to $40 billion in reserves into the financial markets in order to improve liquidity.
November PPI came in higher at 3.2% versus 1.5% (core at 0.4% versus 0.2%) on Thursday, and November CPI at 0.8% versus 0.6% (core at 0.3% versus 0.2%) on Friday. A better than expected Advanced Retail Sales (1.2% versus 0.6% expected in November) failed to impress investors, especially as reports that online sales for November and December are running below the 26% pace of a year earlier.
The major indices finished the week lower:
Dow Jones -2.10%
S&P500 -2.44%
Nasdaq -2.60%
Russell 2000 -4.02%
The US Dollar rallied 1.5% as investors pared down expectations for further rate cuts on the back of the biggest increase in consumer expectations in two years. Gold finished the week at $798, down $2.20.
Check out next week's calendar at:
http://www.bloomberg.com/markets/ecalendar/index.html
Amaury
Contributing Author, ETF Updater
http://etfupdater.com/
November PPI came in higher at 3.2% versus 1.5% (core at 0.4% versus 0.2%) on Thursday, and November CPI at 0.8% versus 0.6% (core at 0.3% versus 0.2%) on Friday. A better than expected Advanced Retail Sales (1.2% versus 0.6% expected in November) failed to impress investors, especially as reports that online sales for November and December are running below the 26% pace of a year earlier.
The major indices finished the week lower:
Dow Jones -2.10%
S&P500 -2.44%
Nasdaq -2.60%
Russell 2000 -4.02%
The US Dollar rallied 1.5% as investors pared down expectations for further rate cuts on the back of the biggest increase in consumer expectations in two years. Gold finished the week at $798, down $2.20.
Check out next week's calendar at:
http://www.bloomberg.com/markets/ecalendar/index.html
Amaury
Contributing Author, ETF Updater
http://etfupdater.com/
Thursday, December 6, 2007
ETF Ideas GLD, GDX & UUP
The US Dollar (measured through the DXY index) bounced from 74.484 on 11/23/07 to 76.413 on 12/05/07 on signs of resilience in the labor market and US economy. I believe it can extend those gains at least through next week and test 78, especially if we get 'good' unemployment data on Friday.
As such, an investor can buy UUP or short GLD and GDX for that trade. GLD topped at $83.63 on 11/08/07 and has hit two lower highs since, on 11/26 and 12/04- failed to recapture the $80 level. Support comes in at $76.50 and $75. GDX needs to hold $45.
Amaury
Contributing Author, ETF Updater
http://etfupdater.com
As such, an investor can buy UUP or short GLD and GDX for that trade. GLD topped at $83.63 on 11/08/07 and has hit two lower highs since, on 11/26 and 12/04- failed to recapture the $80 level. Support comes in at $76.50 and $75. GDX needs to hold $45.
Amaury
Contributing Author, ETF Updater
http://etfupdater.com
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