ETFs For Jackson Hole

CORN
): CORN is an ETF that is just looking for an excuse to really breakout if it hasn't done so already. The ETF has displayed exceptional relative strength in a market environment that should have been tricky for an ETF of this nature. Another round of quantitative easing would light a fire under plenty of commodities ETFs and probably send CORN soaring into the 50s. SPDR Gold Shares (NYSE:
GLD
): We'll just go with the big kahuna, but the reality is, Bernanke's comments will impact GLD and rivals such as the iShares COMEX Gold Trust (NYSE:
IAU
) one way or another. The gold slide will likely continue if we get QE3. If that scenario doesn't materialize, investors could easily view gold's recent pullback as the buying opportunity they've been eagerly waiting for. U.S. Oil Fund (NYSE:
USO
UDN
): More quantitative easing means the Fed will be running the printing presses even hotter than they have been and that would not be good news for the already imperiled U.S. dollar. UDN is facing some resistance at $29, but what is good news for stocks could also be good news for UDN and carry it above that key technical level.
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