Notable ETF Movers 1/8: EWJ, XME, OIH Up; XLF, IYR Down
StreetInsider.com Notable ETF Movers:
HIGHER;
iShares MSCI Japan Index (NYSE: EWJ) up 0.90% to $10.09. The Japanese yen is showing some weakness, pushing investors to put money into stocks. As a result, the Tokyo Stock Exchange closed marginally higher today.
SPDR ...
Smart Money Makes BIG Bets That Inflation Is Coming (GLD, GDX, OIH)
Smart money players continue to get long assets that would benefit from weak currencies including the U.S. Dollar, namely gold and oil.
Earlier this year, we learned that David Einhorn, who correctly predicted the fall of Lehman Brothers, got long gold through his Greenlight Capital hedge fund late last year. Einhorn cited the threat of inflation and the risks of so-called fiat currencies. Einhorn has gotten long gold through ETFs SPDR Gold Shares (NYSE: GLD) and ...
