Why Your Money Should Be In Commodities Now
Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/Eb3LRnHmjJ4/16993Posted on Thursday, May 21st, 2009 | In Commodities, Market Commentary, Stock Market
We’ve been so caught up watching stocks soar we haven’t paid much attention to one of our favorite asset classes: commodities.
Yesterday, we mentioned we were bullish on agriculture. In particular, we like the PowerShares DB Agriculture ETF (NYSE:DBA). Underground investor Jim Rogers is also bullish on agriculture. He says Asian demand and low inventories will lead to a long secular bull market in corn, soybeans and fertilizer.
As Brian Hunt wrote in yesterday’s DailyWealth, DBA “is one of the largest and most liquid ways to trade agriculture through the stock market. It divides its holdings evenly between corn, soybeans, wheat, and sugar.”
From this chart, you can see that DBA is has been showing some strongly bullish action lately. And it has the Jim Rogers seal of approval.
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Brian Hunt;, Commodities, contrarian profits, Jim Rogers, Market Commentary, PowerShares DB Agriculture ETF;, Stock Market
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