I just bought long into PBR, which is the state owned oil behemoth of Brazil. This is in part a currency play, and a commodity play and a long term reserves hedge.

The charts for the last couple of months are textbook up-trend with all moving averages rising above the older, yet hasn't hit the top of their bollinger bands so I don't believe it probable for a pull back for at least another few percentage points. Brazil's currency situation and inflow of investment is rising. Weak dollar translates to demand for commodities, means that oil produced is worth more.

The hedge is best of all. I believe in the long term prospects for the company since they are developing one of the largest sources of oil in the world ... slated to come out of the ground in a few years from now. So the hedge is, that if everything goes to crap, then I feel confident holding the stock past 12 months.

I set the limit sell point at 7% above.

I am still bearish on the US economy, so all of the US index equity gains may be ephemeral at best. That is why my positions in gold and this foreign oil company are in my opinion less risky because of they do not necessarily correlate themselves to US indexes.

Good luck investors.

I just bought long into PBR, which is the state owned oil behemoth of Brazil. This is in part a currency play, and a commodity play and a long term reserves hedge.

The charts for the last couple of months are textbook up-trend with all moving averages rising above the older, yet hasn't hit the top of their bollinger bands so I don't believe it probable for a pull back for at least another few percentage points. Brazil's currency situation and inflow of investment is rising. Weak dollar translates to demand for commodities, means that oil produced is worth more.

The hedge is best of all. I believe in the long term prospects for the company since they are developing one of the largest sources of oil in the world ... slated to come out of the ground in a few years from now. So the hedge is, that if everything goes to crap, then I feel confident holding the stock past 12 months.

I set the limit sell point at 7% above.

I am still bearish on the US economy, so all of the US index equity gains may be ephemeral at best. That is why my positions in gold and this foreign oil company are in my opinion less risky because of they do not necessarily correlate themselves to US indexes.

Good luck investors.