Bought Powershares DB Crude (DTO) today. Very small position, pure trade, expecting oil to go down more near term. All caveats applied to trade are here: loss limit (I don't have stop loss now, but will sell if it goes below set price), time limit (will sell by the end of September no matter what) and taking profit in time (20% right now, time will tell). My oil target price is around $90, but I'll sell DTO sooner.
Full disclosure: at the time of publication author had long position in DTO.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
You never mention currencies.
I'm in South Africa and have most of my savings overseas because of lack of confidence in our Rand. I'm parked totally in cash at the moment so the currency I'm in is important. I've been in AUS dollars for a few months and it did OK, but looks like the bottom is falling out of that area (Aus/NZ) now. Don't know where to go. Looking at Singapore dollars, Swiss francs, back into the GBP or even your very own USD :))
Cheers. rodney
I think US dollar has to go up now comparing to Euro. Also, my thesis that commodities bubble is burst now means that commodities-based economies will have their currencies going down. That includes Canadian and Australian dollar, Rand, Mexican peso and, maybe, Brazilian real.
All usual disclaimers apply. I can always be wrong...
Post a Comment