ETF Pick of the Week: Double Short Euro (DRR) [View article]
Which do you think outweighs the other? The E.U.'s relative inability to act swiftly and decisively to curb an economic downturn compared to the U.S. government. Or the U.S. governments ability to print print print in an effort to curb this downturn. It seems like the U.S. is more capable of at least taking action to aid in an economic recovery compared to the E.U. but does this ability outweigh the inflationary tendency of printing so much USD? Personally I am heavily short on the Euro right now.
Gold Breaks from Traditional Trading Versus Oil and USD, Looks Strong [View article]
If you are a believer in playing divergence from historical ratios even in this historically "crazy" market, have a look at Platinum. Similar to silver, platinum to gold ratios have come way down, and are now correcting to the upside along with gold. In the six months leading up the November lows gold dipped about 20%, while silver dropped 45%. If you feel that this is enough to tell you that silver is undervalued consider platinum which plummeted a whopping 60% in the same period. I know the knock on platinum is that it is not the same as gold in the "ultimate flight to safety" sense. Yes, the main consumers of platinum are the auto industry, yikes. But worldwide auto sales have increased the past two months. If you believe in historic ratios look for platinum to fight its way back the 1.5-2.5 times gold level. See PTM or PGM.
ETF Pick of the Week: Double Short Euro (DRR) [View article]
Gold Breaks from Traditional Trading Versus Oil and USD, Looks Strong [View article]