Profile:
PowerShares DB Commodity Index Tracking Fund (the Fund) and its subsidiary, DB Commodity Index Tracking Master Fund (the Master Fund), were formed as trusts. The Fund is designed to replicate positions in a commodity index. The PowerShares DB Commodity Index Tracking Fund is based on the Deutsche Bank Liquid Commodity Index - Optimum Yield Excess Return (Index). The Fund is managed by DB Commodity Services LLC
Trade Idea:
DBC tracks light sweet crude, heating oil, aluminium, wheat, corn and gold. The idea behind watching this ETF is that if the huge bailout plan being constructed by the Govt goes through and the negative impact on the budget deficit being carried by the US is hugely blownout then the US$ will come under extreme downwards pressure. A net result of this would be commodities will benefit.
No trade action yet, DBC is On Watch.
Trade Plan:
On Watch