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

Stocks

Referenced

Most Active by Volume

183,639,073
  • $42.32 ▲ 3.85%
82,623,623
  • $15.99 ▼ 22.79%
39,547,942
  • $119 ▲ 1.19%
32,107,751
  • $77.62 ▲ 2.63%
29,684,848
  • $10.60 ▲ 2.02%
27,615,309
  • $24.03 ▲ 0.38%
26,917,669
  • $31.10 ▲ 2.07%
26,464,306
  • $47.75 ▲ 0.59%
As of 11/26/2014, 04:15 PM

Find a Credit Card

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