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Registered User
Joined: 5/6/2009
Posts: 10
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XOIL
DXYO
One's oil (duh) and one is the dollar. Both are pretty friggin scary. Dollar's ready to dive, Oil is ready to rocket, probably AT LEAST $75.00 a bbl.
Both make sense with the deficit ready to double over the next few years and the coming inflation from the massive spending.
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Registered User
Joined: 5/6/2009
Posts: 10
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I know how to profit from Oil, how does one profit from the falling dollar? I know if you can find a suitable currancy, or you could buy gold, but I'm not sure gold is ready just yet. Soon, but not just yet.
BTW, Oil is something I am rarely wrong on.
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Registered User
Joined: 10/7/2004
Posts: 886
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One way of playing a falling dollar is through the UDN etf.
The UDN is a short dollar fund.
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Registered User
Joined: 7/1/2008
Posts: 889
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one profits from a falling dollar by shorting it in the forex market. But also falling dollar usually means higher commodities, so maybe thats the best way to play a falling dollar if you aren't involved in forex.
UDN doesn't deliver enough punch since it is non-levered. Don't waste your time with it.
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Registered User
Joined: 1/30/2009
Posts: 267
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QUOTE (Linebacker) I know how to profit from Oil, how does one profit from the falling dollar? I know if you can find a suitable currancy, or you could buy gold, but I'm not sure gold is ready just yet. Soon, but not just yet.
BTW, Oil is something I am rarely wrong on.
I saw the same thing in XOIL. I went long last week and I am very happy with the position. I may double my position this week. The driving season is coming soon and rumor is that China's economy will emerge soon ans their demand for oil will rise.
As for Gold, I think it is very close to being ready. I am long GLD also. Profitable in both GLD and XOIL.
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Registered User
Joined: 2/13/2005
Posts: 368
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You can buy the 2X ETF DIG. If you are rarely wrong on the Oil trade, I'd buy 100 grand of DIG and let us know how you make out, then I'd be a believer. Regards. 
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