Filed under Currency


Our man Oz will make a weekly stock pick for us from one of his western U.S. lairs. In his initial entry, about 10 days ago, Oz espoused the lustrous investing possibilities of gold. This time he invokes the value of desert gold, i.e., water.

While on assignment in central California I took this picture. What does it tell you? Crops need water.

And what is the stock opportunity there? Well, I have bought “water” stocks before, but the problem with them is that they are tied to an increase in spending around construction and that means a growing economy. This is not necessarily the case. The other easy answer is agricultural stocks. The main players are the usual names: Monsanto (MON), Syngenta (SYT) and Dupont (DD).

While these stocks have performed well recently, based on “drought” news, I really like the Powershares DB Agriculture Fund (DBA). The chart looks great and I see it topping its 52-week high– potentially a 20% gain in 2012. Plus, I can’t help but mention the overall trend of the market and in the short term is up.

Get in now, is what I say. Plenty of choices out there and more ideas to come…



Last Week: Nova Gold (NG ) Was: $4.72. Is: $4.51. (oops)