Tuesday, May 19, 2009

Commodities are back incase you haven't noticed already

Oil, gas, gold. Everything that has actual value as opposed to currencies.

The devaluing of the US dollar and massive injections of credit of the Obama administration to curb the downturn means the commodities trade is back on with a vengence.

Further, China is stockpiling oil and coal and other raw materials at current depressed prices.

With these two tail winds, I am long on oil and natural gas. I am playing oil with AET.un and USO. Gas, I am playing with UNG and KWK. 

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