This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Don Dion's Weekly ETF Blog Wrap

Among the issues Don Dion blogged about this week on were China's recovery, a Vietnam ETF and a South Africa ETF.

Chinese Recovery Could Push Nickel Higher

Posted 9/17/2009 9:50 a.m. EDT

China's fabled pig farmers are back in the news, courtesy of Sucden Financial. The farmers made a splash last month when word got out that they were stockpiling industrial metals. Bloomberg reports that the head of business development in Asia sent an email estimating that more than half of the inventory in Shanghai comes via speculation. He also estimated that speculators have 20,000 tons of nickel.

While some analysts worry that this metal could come back to the market and crush prices, others speculate that it is being hoarded for monetary value.

iPath UBS Copper ETN (JJC) is near its 52-week high and up more than 10% since the end of July. iPath UBS Nickel ETN (JJN) is down 3% during that time and peaked on Aug. 5. From the peak, it is down 18%.

Speculators bought at the right time, when prices were severely depressed, but it will take economic recovery to push the metal higher, especially with the Chinese government encouraging the purchase of gold and silver as a store of value.

Those looking to play an economic recovery can consider the ETNs or the PowerShares DB Base Metals (DBB) ETF, which holds copper, aluminum and zinc. PowerShares also offers an ETN tracking the same index, PowerShares DB Base Metals Long (BDG), but the volume averages only 4,000 shares per day vs. almost 500,000 for DBB.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BDG $16.13 0.00%
BZF $16.09 0.00%
DBB $15.12 0.00%
FXY $81.28 0.00%
JJC $32.19 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs