Louis Basenese | Jul 05, 2013 01:21PM ET
Gold has fallen and it can’t get up. The not-so-precious metal dropped 14% in June alone. However, not all commodities are getting clobbered.
Take the $12-billion hog futures market, for instance. It can’t be contained.
When a specific commodity defies its benchmark average by such a degree, it makes you wonder what insiders know that the rest of us don’t.
It’s true that all hogs -- on Wall Street and the farm -- eventually get slaughtered. But right now, “everybody’s happy and making money and having fun,” says Dennis Smith of Archer Financial Services.
Kind of makes you want to bet the farm on the pigs, too, huh?
Unfortunately, no pure-play opportunities exist now that Smithfield Foods (here , you should be sharing in this upside.)
Meanwhile, the highly touted BRIC nations (Brazil, Russia, India and China) are all seeing red this year.
My recommendation? Keep buying U.S. and Japanese stocks on the dips. And don’t believe the (latest) hype in emerging markets.
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