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Going Double Long on Agriculture with DAG
Posted on June 18, 2008
I've decided to go with what is essentially an Ultra long in the agriculture commodities - Powershares DB Agriculture Double Long (DAG). This is essentially the same index as Powershares DB Agriculture ( DBA), but twice the return. (either up or down)SinceI will have a lot more volatility with this investment vehicle, since itwill exaggerate the moves of DBA by a factor of two, I have not boughtas much of it since I get the same movement for half the exposure. [Apr 17: Four New Agriculture ETNs]So I completely sold my 3.2% stakein DBA and am replacing it with a about 60% the exposure in DAG ...
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