PowerShares DB U.S.$ Bull ETF
UUP-N
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The US$ has been amazingly weak. It is still trending on the downside. We are at the critical support level right now. If it breaks it then the next one is quite a bit lower. You are in a trial period right now.
An ETF that would benefit from a drop in the US$? Would you buy a Call on it, and how far out would you go? This is one you could buy a Put Option on. He thinks the US$ is going to be stronger, so not a bet that he would make, but if he were doing that he would go out 6 months. Currency is a tough game to play.
An ETF that would benefit from a drop in the US$? Would you buy a Call on it, and how far out would you go? This is one you could buy a Put Option on. He thinks the US$ is going to be stronger, so not a bet that he would make, but if he were doing that he would go out 6 months. Currency is a tough game to play.
(Top Pick Jan 19/12, Down 1.93%) Still believes it is a long term thing. We know currency wars are going on. He is going to own this or something similar again.
(Top Pick Jan 19/12, Down 1.93%) Still believes it is a long term thing. We know currency wars are going on. He is going to own this or something similar again.
(A Top Pick Dec 15/11. Down 3.32%.) Sold this one in September and probably broke even.
(A Top Pick Dec 15/11. Down 3.32%.) Sold this one in September and probably broke even.
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The US$ has been amazingly weak. It is still trending on the downside. We are at the critical support level right now. If it breaks it then the next one is quite a bit lower. You are in a trial period right now.