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  • Rogers Fund

    Hi Guys, i asked before but i need some advice. I am thinking this would be a good time to buy into Corn,Sugar,Rice,Oil,Steel etc. I asked Euro-pac, but they think its expensive way of doing it.....any thoughts?
    Mike

  • #2
    Re: Rogers Fund

    Originally posted by Mega View Post
    Hi Guys, i asked before but i need some advice. I am thinking this would be a good time to buy into Corn,Sugar,Rice,Oil,Steel etc. I asked Euro-pac, but they think its expensive way of doing it.....any thoughts?
    Mike
    You can do all of this by simply buying "NYSEArca: RJI".

    The problem is that you are then exposed to the USD, which is why I stayed out of it.

    PS: Keep in mind that this ETF is 1/3 (or so) Crude Oil.
    Last edited by LargoWinch; February 27, 2009, 11:46 AM. Reason: As stated below: RJA is the agriculture index; RJI is the whole thing

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    • #3
      Re: Rogers Fund

      Originally posted by LargoWinch View Post
      You can do all of this by simply buying "NYSEArca: RJA".

      The problem is that you are then exposed to the USD, which is why I stayed out of it.

      PS: Keep in mind that this ETF is 1/3 (or so) Crude Oil.
      Largo does it matter if the thing is quoted in USD? I would be thinking that if the USD goes down that is part of a fundamental cause for these things going up in USD. More importantly, presuming there are no GROSS restraints of trade on these fundamental commodities, all prices in every currency will adjust more or less the same. If the currency appreciates, then, the rise in the commodity expressed in that currency will be less.

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      • #4
        Re: Rogers Fund

        Originally posted by LargoWinch View Post
        You can do all of this by simply buying "NYSEArca: RJA".

        The problem is that you are then exposed to the USD, which is why I stayed out of it.

        PS: Keep in mind that this ETF is 1/3 (or so) Crude Oil.
        RJA is just the agricultural components. RJI is the entire Rogers commodity set. RJZ for metals (base metals plus gold, silver, platinum), RJN for energy.

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        • #5
          Re: Rogers Fund

          Originally posted by The Outback Oracle View Post
          Largo does it matter if the thing is quoted in USD? I would be thinking that if the USD goes down that is part of a fundamental cause for these things going up in USD. More importantly, presuming there are no GROSS restraints of trade on these fundamental commodities, all prices in every currency will adjust more or less the same. If the currency appreciates, then, the rise in the commodity expressed in that currency will be less.
          Outback, I much prefer $CAD hedged ETF since it removes currency fluctuations from the equation.

          That is a personal choice of course due to the fact that Canada is a commodity-based country.


          Lets assume that I buy a crude oil ETF in the US (in USD), if crude goes up due to USD depreciation, the $CAD increase may wipe out my gains when I sell my investment and transfer the cash back home.

          I want all the gains! (and also keep my investment strategy as simple as possible...)

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          • #6
            Re: Rogers Fund

            Originally posted by zoog View Post
            RJA is just the agricultural components. RJI is the entire Rogers commodity set. RJZ for metals (base metals plus gold, silver, platinum), RJN for energy.
            That's correct. My bad.

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