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PowerShares DB US Dollar Bearish ETF Message Board

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  • rhuleva rhuleva Mar 10, 2011 1:55 AM Flag

    another broken etf?

    Unfortunately, it isn't possible to look at a 1 yr chart of the US Dollar Index prices, so the closest I can offer to show the FALL of the Dollar would be the UDP, which is the Bullish ETF on the Dollar.

    If you compare those charts one over the other, they are a near mirror image of one another.

    I realize these are both ETFs offered by PowerShares, so you may be one who distrusts these investment vehicles inherently, perhaps you think they are a conspiracy scheme or whatever.

    But unless you can offer some substantive data to back up your claim, I'm afraid it will be dismissed without merit.

    The good news here though is that there are thousands of investment opportunities out there, so if you don't like UDN pick something else. As far as I can see, if UDN breaks decisively above 28, I'm a buyer. Conversely, if UDP fails to hold it's support at 22, dump it.

21.79+0.020(+0.09%)Jul 28 4:00 PMEDT