Since mid-July when Mario Draghi pledged to do "whatever it takes" to save the euro, the above-mentioned ETFs substantially increased both their price and relative strength. And while I would still wait for general market weakness, consolidation and/or a near-term pullback before buying resources-related assets, the general trend toward asset reflation should remain in place for quite some time.
It follows that one might look to commit new dollars to a few key resources-related possibilities ... incrementally and opportunistically. Exchange-traded vehicles that I may consider for more assertive client portfolios include assets such as iShares DJ Materials (IYM), First Trust Natural Gas (FCG) and/or iShares Natural Resources (IGE).
This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV