This new ETF could be one of the few set to surge higher now

From OilPrice.com:

When you look at the profusion of new ETFs being launched today, you find that they almost always correspond with market tops. The higher the market, the greater the demand for the underlying, and the more leverage traders bay for it. The resulting returns for investors are disastrous.
But occasionally a blind squirrel finds an acorn, and if you fire buckshot long enough, you hit a barn. That was the case a year ago when the corn ETF was launched (CORN), after five months of stagnant performance by the grain. I smelled a bargain for my readers, piled them into the ETF the day it launched, and caught a quick double in six weeks, just as the Russian fires were igniting.
I think that we are about to see a replay with the new...
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More on ETFs:
ETFs could be much riskier than you think
These ETFs can be a valuable tool for contrarian investors
The pros and cons of the five most popular commodity investments
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While most of the world rallies, two of the most important markets are quietly diverging

From Pragmatic Capitalism:

While the markets have continued to melt higher on the hopes of perpetual Fed easing and "better than expected" earnings, some interesting divergences are occurring.
In particular, copper prices and the Shanghai Composite are in retreat. The Shanghai Index has proven to be a particularly good leading index in recent years. While the recent divergence is...
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More Cruxallaneous:
Porter Stansberry: My worst predictions are now coming true
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Listen to Jim Rogers... The big fortunes of the next 20 years will be made here
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One of the top tools for building wealth that practically no one uses

From Financial Mentor:
Isn't it amazing how the choices that determine the bulk of our results are so boringly simple nobody wants to hear about them?
For example, let's say you want to drive from Los Angeles to New York and you're given the choice between two cars: a basic Toyota Camry or a one-of-a-kind, custom race car using the latest, coolest, whiz-bang technology.
Logic says to choose the basic Camry every time. It is the proven, reliable path to achieving the goal. However, the sleek, beautiful race car just reeks of sex appeal and seduces us into the driver's seat for a more-better-different adventure.
Don't get me wrong. I love adventure as much as the next person – probably a lot more. But there is a time and place for everything.
The financial game is about getting results – not having an adventure.
If you want to produce reliable results then use proven technology… even if it is boring...
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More on building wealth:
Five easy ways to become wealthier in 2011
Why most investors should ignore stocks with big dividends
Three inexpensive ways to compound your money with dividends
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The great Richard Russell on how anyone can become rich

 
Tuesday, February 01, 2011

From Richard Russell on LewRockwell.com:

MAKING MONEY: The most popular piece I've published in 40 years of writing these letters was titled, "Rich Man, Poor Man." I have had dozens of requests to run this piece again or for permission to reprint it for various business organizations.

Making money entails a lot more than predicting which way the stock or bond markets are heading or trying to figure which stock or fund will double over the next few years. For the great majority of investors, making money requires a plan, self-discipline and desire.

I say, "for the great majority of people" because if you're a Steven Spielberg or a Bill Gates, you don't have to know about the Dow or the markets or about yields or price/earnings ratios. You're a phenomenon in your own field, and you're going to make big money as a by-product of your talent and ability. But this kind of genius is rare.

For the average investor, you and me, we're not geniuses so we have to have a financial plan. In view of this, I offer below a few items that we must be aware of if we are serious about making money...

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