Now I would be the last guy to tell you to buy coffee or sugar futures, because, quite frankly, I am terrified of getting an e-mail asking what to do with the truckload of beans that just showed up.But these are most enlightened times, and there are Exchange Traded Funds (ETFs), Exchange Traded Commodities (ETCs) and Exchange Traded Notes (ETNs) for most everything these days, including coffee.Today's Taipan Daily
The name (oddly enough) is the iPath Dow Jones-AIG Coffee Total Return Sub-Index (JO:NYSE). The fund has been falling pretty much nonstop on the idea that coffee was going to tank. But now that coffee is clearly still the drug of choice, I suspect those fortunes are about to experience a real sea change.Last price on my ticker is $39.01 a share and quite frankly, the volume is as thin as all get out. But if a body were to enter tenderly over several days, I imagine they could enjoy quite a ride.
Blogged with the Flock Browser
No comments:
Post a Comment