With all the recession news and the Fed pumping billions of dollars into the economy this can only lead to one thing - the devaluation of the US dollar. This will lead to commodity prices to rise so watch for gold, oil, and agriculture products like corn, wheat, sugar to all get more expensive. Basically as the US dollar falls these hard assets will rise. Eric Bolling wrote a good post today Commodity Opportunities Abound on The Street about this same reasoning.

So in 2009 I will be mostly trading these gold stocks and ETFs: GLD, DGP, AEM, HMY, RGLD, ABX, GOLD, AZK,

For oil related securities I like to trade DXO, USO, XLE

For commodities related securities I like to trade DBA, DBC

Friday saw a great rally with options expiration. Volume was as expected now comes the hard part of following through this week as it will be short week due to Thanksgiving. The bloggers are mostly calling for a bounce up and I see nothing more. If we can get into the the price range on 11/13 for the SPY at $82.09 then we may see action up to $90 which would be a 10-12% move. If we get up into the $90 price on SPY I would go short again with SDS.

Gold was the big play on Friday going up $43. Below is a chart of the GLD ETF. All the miners were up big like AEM, GG, HMY, GOLD, IAG, ASA, RGLD. I think gold will run up to $810- 850 then pull back to around $760.

Yesterday we saw an amazing pop in gold up $70 in one day which was a record. I have been holding RBY, GLD, GOLD, IAG for double digit gains and with more upside as investors want to go to safety. Gold may retrace down to 820-860 which is great buying opportunity. Gold want to test the old highs of $980 back in July 15.