Three Commodities ETNs For A Weaker Dollar
August 19, 2010 at 18:00 PM EDT
When the dollar falls, as it looks like it is poised to do, the usual suspects become attractive. Gold and oil dominate the conversation as the winners when the dollar slumps, but given that a plethora of commodities are denominated in dollars, it is wise to seek out other options among both metals and soft commodities. Here are some suggestions for ETNs that have performed well against the greenback over the past month. 1) iPath DJ-UBS Nickel TR Sub-Index ETN (NYSE: JJN ): This thinly traded ETN that tracks nickel futures traded on the London Mercantile Exchange has surged 15% in the past month and is up 45% since the start of the year. There is…