I see what looks like a bottoming process in most commodities as bullish for the global economy.
Pretty clear inverted head and shoulder breakout in gold in the above chart with the dashed red neckline.
Jefferies TR/J CRB Global Commodity Eq (CRBQ)
Overall Portfolio Composition Stocks: 97.24%
Top 10 Holdings (36.74% of Total Assets)
Company
|
Symbol
|
% Assets
|
Monsanto Company Common Stock
|
7.31
| |
Exxon Mobil Corporation Common
|
5.32
| |
SYNGENTA AG BASEL
|
4.31
| |
Deere & Company Common Stock
|
4.30
| |
POTASH CORP OF SASK INC
|
3.52
| |
Archer-Daniels-Midland Company
|
3.33
| |
Chevron Corporation Common Stoc
|
2.84
| |
Rio Tinto PLC
|
RTPPF.L
|
2.01
|
BP PLC
|
BPAQF.L
|
1.94
|
BHP BILLITON
|
1.86
|
More about CRBQ - Thomson-Reuters Jefferies Global Commodity Equity Index Fund
XLE is another way to play it, higher energy prices.
Also, emerging market funds should do better with higher commodity prices.
- More about VWO Vanguard MSCI Emerging Markets ETF
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