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ETFDesk Daily 12/04/2009 Top News and Investment Ideas

|Includes: AFK, DGP, EWC, EZA, FXC, GDX, GDXJ, GLD, Mexico Fund (MXF), SDS

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Today's market-moving headlines, macro trade ideas and more...

  • Investment guru urges US dollar exodus : Jim Rodgers - Long Commodities
  • MXF November Monthly Update
  • Goldman On Gold: $1,450/Oz
  • Krugman : Double dip warning
  • Canada Added 79,100 Jobs, Five Times Expectations
  • Gold Falls Below $1,200 After Payrolls
  • China eyes industrial bases in Africa

Investment guru urges US dollar exodus : Jim Rodgers - Long Commodities

Posted: 03 Dec 2009 03:46 AM PST

Billionaire US investor Jim Rogers is advising investors to desert the greenback and put their money into commodities. The influential former partner of financier George Soros says the US dollar is a flawed currency that has no future. 

ETFDesk users see this as a potential opportunity to:
 buy PowerShares DB Agriculture Fund (NYSEARCA:DBA); buyPowerShares DB Oil Fund (NYSEARCA:DBO); buy PowerShares DB US Dollar Index Bearish Fund (NYSEARCA:UDN); buy iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG); buy ELEMENTS MLCX Grains Index Total Return (NYSEARCA:GRU); buy GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN (NYSEARCA:GSC); buy iPath Dow Jones-AIG Industrial Metals Total Return Sub-Inde ETN (NYSEARCA:JJM); 

Check out how others are using ETFs to capitalize on this news or add your own opinion

MXF November Monthly Update

Posted: 03 Dec 2009 04:55 AM PST

MXF November Monthly Update 

ETFDesk users see this as a potential opportunity to:
 buy Mexico Fund (NYSE:MXF); 

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Goldman On Gold: $1,450/Oz

Posted: 03 Dec 2009 05:27 AM PST

And forthwith, the oracle speaks. The much awaited 2010 Commodity Outlook is out. Here is the 2010 summary breakdown:

ETFDesk users see this as a potential opportunity to:
 buy Market Vectors Gold Miners ETF (NYSEARCA:GDX); buystreetTRACKS Gold Trust (NYSEARCA:GLD); buy PowerShares DB Gold Double Long ETN (NYSEARCA:DGP); buy Junior Gold Miners ETF (NYSEARCA:GDXJ); 

Check out how others are using ETFs to capitalize on this news or add your own opinion

Krugman : Double dip warning

Posted: 03 Dec 2009 12:14 PM PST

I’ve never been fully committed to the notion that we’re going to have a “double dip” — that the economy will slide back into recession. But it has been clear for a while that it’s a serious possibility, for two reasons.

ETFDesk users see this as a potential opportunity to:
 buy UltraShort S&P 500 ProShares (NYSEARCA:SDS); 

Check out how others are using ETFs to capitalize on this news or add your own opinion

Canada Added 79,100 Jobs, Five Times Expectations

Posted: 03 Dec 2009 11:17 PM PST

Canadian employers added more than five times as many jobs as expected in November, led by education, manufacturing and finance, a sign of an accelerating economic recovery. 

ETFDesk users see this as a potential opportunity to:
 buy iShares MSCI-Canada (NYSEARCA:EWC); buy Rydex Canadian Dollar Trust (NYSEARCA:FXC); 

Check out how others are using ETFs to capitalize on this news or add your own opinion

 

Gold Falls Below $1,200 After Payrolls

Posted: 03 Dec 2009 11:43 PM PST

After initially paring losses on stronger-than-expected payrolls data, gold futures have sunk back below a key $1,200 support level as the dollar strengthens.

ETFDesk users see this as a potential opportunity to:
 sell streetTRACKS Gold Trust (GLD); 

Check out how others are using ETFs to capitalize on this news or add your own opinion

China eyes industrial bases in Africa

Posted: 04 Dec 2009 12:59 AM PST

Robert Zoellick, the president of the World Bank, said Beijing had shown “strong interest” in proposals to set up manufacturing bases to help African countries achieve high growth paths similar to Asian ones.

ETFDesk users see this as a potential opportunity to:
 buy iShares MSCI-South Africa (NYSEARCA:EZA); buy Market Vectors-Africa Index ETF (NYSEARCA:AFK); 

Check out how others are using ETFs to capitalize on this news or add your own opinion