Ever wonder what the smart money is doing in the markets? You don’t need to pay big bucks to find out. Just read the Commodity Futures Trading Commission’s free weekly Commitments of Traders report. The CFTC’s COT data is a Holy Grail of market info, listing trillions of dollars in positions in 200+ markets – gold, crude oil, natural gas, silver, forex, equity indexes and lots more. My trading system, which I posted about here for seven years, gave weekly trading signals based on the COT data.
Thursday, 24 January 2008
New Leveraged Commodity ETFs
I'm not ordinarily one to boost a financial-services company, but I thought some readers might be interested to know that Toronto-based Horizons BetaPro has just vastly expanded its list of leveraged commodity ETFs - the only ones available at this point worldwide. Trading out of Toronto, they target 200-percent returns (or the inverse of that for their short funds) for gold bullion, gold stocks, base-metal mining stocks, crude oil and natural gas. (The funds trade in Canadian dollars but use currency hedging to target the U.S.-dollar returns for those commodities.) The company is also launching another couple of ETFs (both long and short) for the agriculture sector in two weeks (specifically, a basket of soybeans, corn and wheat). For more info check the company's site here. For a great regularly updated list of U.S. and Canadian ETFs, including volume info, check Don Vialoux's DVTechTalk.com site. (Incidentally, they didn't give me anything to post this! Just gives me another way to trade some of these COTs signals. Muchas gracias, amigos!)
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1 comment:
they are great especially for people who are bearish and want to short the market but don't have a short margin account... some of them are not very liquid but the volume for these ETFs is growing...
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