It's time to buy agricultural commodities again.
In February, I said commodity bulls were going to make a lot of money this year. The PowerShares Agricultural Commodity Fund (DBA) – an exchange-traded fund made up of 17 different agricultural commodities – had been declining for three years... And it was showing signs that it was finally ready to move higher.
Readers who took my advice to buy made solid gains. DBA rallied 20% over the next three months.
But in May, I warned you to protect your profits. I said if DBA couldn't hold above the $28 level, it would likely drop to the next support line at about $26. And that's exactly what happened. DBA has given back about 60% of its gains from earlier this year. (more)