With inflation rising and the Fed not expected to do anything about it anytime soon, Gold should continue moving higher.  The iShares Gold Trust ETF (IAU) broke out last week and looks poised to test all time highs.

The Market Vectors Nuclear Energy ETF (NLR) offered the first chance to get in on a break of a long downtrend back in the middle of February and again on a break of a longer downtrend in May.  It quickly moved up more than 10% following that breakout and reached oversold levels in the short term.  It needed a breather and got it this month as the market digested gains.  NLR has retreated around 10% and is currently testing a very strong level of support where the upward trend off the March lows and the 50 day moving average converge.  Considering Nuclear will have to be a larger part of our energy strategy, particularly if McCain is elected, NLR could eventually have the kind of run that other commodities have had.

The solar stocks have really taken a beating in the last few weeks and I think for the patient investor this will soon offer the opportunity to add to a long term position.  One of my favorite diversified ways to play solar is through the Claymore Global Solar Energy ETF (TAN).  What am I looking for to add to my long term position? 

I have a long term position already and will look to add once TAN breaks this downtrend.  Probably needs another couple weeks of basing before it does so.