ETF Insider: Weak Dollar Creates Opportunities
Equities across the globe continued their sluggish performance for most of last week, and while broad indexes managed to climb into positive territory the last few trading sessions, the week as a whole was fairly turbulent with no real movement in either direction. Gold climbed higher amidst uncertainty in the financial markets, closing the week just above $1,537 an ounce. Silver settled above $38 an ounce and crude oil futures remain extremely volatile, managing to finish the week higher and close just above $100 a barrel. The U.S. dollar index lost ground during the trading week asserting the hypothesis that recent weakness in domestic equities is merely profit taking, as opposed to a significant shift in underlying market fundamentals which remain favorable in our opinion. Against this backdrop, we see several technicals-based opportunities among the ETF universe, including a creative way to bet against the dollar and a chance to [...] Click here to read the original article on ETFdb.com. Related Posts: Seven ETFs To Invest Like Peter Schiff Ten Biggest ETF Losers From Recent Selloff Daily ETF Roundup: EPP Plummets, VXX Soars ETF Insider: Buying Opportunities After Panic Selling Daily ETF Roundup: VGK Sinks On European Debt Woes, VXX Rises On Economic Uncertainty
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