CurrencyShares Russian Ruble Trust (AMEX:XRU)

Wh1sp (99.91) Submitted: 10/14/2009 10:19:05 PM : Start Price: $33.72 XRU Score: +22.67

One of many currencies I have recently made an underperform call on.

If a currency outperforms the s&p for an extended period of time with this little leverage, it will be the new "American dollar" from a new global powerhouse with the military, economic conditions, tax base, stability, and political will similar to the U.S. China is my vote for the future global safehouse, but I can't see global investors trusting their capital with a communist regime. The consensus seems to be that the dollar will be slowly replaced by a basket of stable currencies, and as such, the S&P should outperform these currencies in the long run.

--Wh1sp