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) -- Don Dion posts his current insights on the stock, bond, commodity and currency markets in his


blog, anticipating which ETFs will be in play next.

Here are three of his blog posts from the past week:

Looking for Gold to Bounce

Published 6/16/2011 10:44 a.m. EDT

If I had to pick three words to sum up the state of the U.S. economy right now, they would be "better than expected." Today's housing data and employment data showed more strength and stability than many investors had anticipated in premarket trading. If the last five weeks of trading have been about fear, than hopefully the next five weeks will be about relief.

While gold prices have slid lower this morning, I wouldn't be surprised to see a bounce later in the day as ongoing concerns about Greece cause investors to seek safe-haven assets. Even if gold stays in negative territory today, I would still consider it a good opportunity for longer-term investors to pick up exposure via the physically-backed ETFs like the

SPDR Gold Shares ETF

(GLD) - Get SPDR Gold Shares Report

and the

iShares Comex Gold

(IAU) - Get iShares Gold Trust Report


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I will be keeping an eye on the relative strength of the dollar today, checking in on the

PowerShares DB U.S. Dollar Index Bullish ETF

(UUP) - Get Invesco DB US Dollar Index Bullish Fund Report

and the

PowerShares DB U.S. Dollar Index Bearish ETF

(UDN) - Get Invesco DB US Dollar Index Bearish Fund Report

. If you are looking to make a short-term bet on euro weakness, check out the

ProShares UltraShort Euro ETF

(EUO) - Get ProShares UltraShort Euro Report


At the time of publication, Dion Money Management was long iShares Comex Gold.

Swiss Stay Strong

Published 6/16/2011 12:50 p.m. EDT

A strong currency and strong labor market are helping to make Swiss picks like the

CurrencyShares Swiss Franc Trust

(FXF) - Get Invesco CurrencyShares Swiss Franc Trust Report

and the

iShares Switzerland ETF

(EWL) - Get iShares MSCI Switzerland ETF Report

appealing in a volatile global marketplace. While EWL is moving slightly lower during today's session, FXF is having another strong showing.

I've been bullish on the Swiss franc and FXF for

some time now

, since commodities are volatile and there are plenty of questions about the U.S. debt ceiling being raised. Today, after an early advance, the dollar is backing off, and I believe that investors will keep seeking out historically strong currencies like the Swiss franc in order to diversify and stabilize their portfolios.

There has been some good news recently for Swiss equities as well. According to a recent UBS Investment Research report, the KOF think tank recently released the KOF Consensus Forecast, which revealed that Swiss business economists have raised their 2011 export outlook to +4.4% from a previous estimate of +3.3%. This is good news for the global companies like Nestle,


(NVS) - Get Novartis AG Report





At the time of publication, Dion Money Management had no positions in securities mentioned.

Pandora's Greater-Good Benefit

Published 6/15/2011 12:46 p.m. EDT

Just as the mythical Pandora could not comprehend what she was about to unleash when she opened her box, investors dove head-long after shares of



after its debut this morning. With millions of shares crossing the tape, Pandora's first trading day unraveled in waves, falling steeply off a spike this morning.

Rather than arguing about what Pandora's actually worth, I'd just like to point out the incredible enthusiasm over this latest Internet IPO. Investors are clamoring for a chance to gain exposure to a new wave of Internet companies born from the inescapable social media craze.

If anything, this enthusiasm and willingness to take a chance tells us something important about the current state of American investors. While still rattled by the 2008 financial crisis, and certainly wary of current economic trends, investors are still flocking to IPOs and looking to participate in new trends and technology.

Perhaps U.S. investors are more resilient than most analysts would take them for. In any case, I continue to believe the new wave of Internet IPOs will garner enthusiasm for strong Internet companies that survived. The

First Trust Internet ETF

(FDN) - Get First Trust Dow Jones Internet Index Fund Report

is a great way to gain exposure to established Internet companies rather than chasing after volatile IPOs.

At the time of publication, Dion held First Trust Internet ETF.

-- Written by Don Dion in Williamstown, Mass.


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