Precious Metals ETF Shining

By
A A A

PowerShares DB Precious Metals ETF (NYSE: DBP ) - This exchange-traded fund (ETF) seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index - Optimum Yield Precious Metals Excess Return. This is a rules-based index composed of futures contracts on gold and silver.

Like the precious metals and the index it is intended to reflect, DBP has been in a powerful advance.

On Sept. 23, 2008, at $32 a share, I said, "Since the fund only began trading last year [2007], there is limited data on it, but if gold and silver continue to rise, then this ETF should rise along with it."

It is now at close to $48 and the chart looks even more powerful with a new stochastic signal and renewed volume on the buy side. The trading target is $52, but DBP could reach $65 within 12 months.

Trade of the Day - DBP Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: DBP , ETF

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

Your Car Is Spying on You
Your Car Is Spying on You           

Stocks

Referenced

Most Active by Volume

73,078,214
  • $30.33 ▼ 3.90%
57,046,796
  • $15.52 ▲ 0.45%
51,290,831
  • $100.57 ▲ 0.04%
39,855,468
  • $8.13 ▲ 1.37%
31,693,544
  • $5.50 ▲ 20.35%
31,532,510
  • $10.33 ▲ 0.78%
31,526,753
  • $39.10 ▲ 47.21%
28,366,542
  • $26.36 ▲ 1.19%
As of 8/20/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com