Play bin Laden's Capture With These ETFs

Play bin Laden's Capture With These ETFs Not surprisingly, news of Osama bin Laden's death at the hands of U.S. forces looks like it could send stocks soaring on Monday. Equity futures spiked Sunday while the news is weighing on oil. Some of the air is coming out of the gold trade and, if you can believe it, the dollar is rising. In addition to gold, palladium and platinum are plunging as is silver, which was under substantial pressure before the bin Laden news broke. So we could see stocks and the dollar rally on Monday while leaving some of the precious metals that have been highly correlated to the S&P 500 behind, for a day at least. Use these ETFs to play enthusiasm surrounding the death of one of the world's most unsavory bad guys. 1) PowerShares DB US Dollar Index Bullish

: For those choosing UUP as their weapon of choice as the “We got bin Laden” trade, be advised one day does not end a trend nor does it begin a new one. UUP has one of the ugliest charts out there as the dollar has been bludgeoned for months now, so the bin Laden news may mean nothing more than a couple days respite for the buck. 2) ProShares UltraShort Gold

and ProShares UltraShort Silver

: Two of the most unthinkable trades for almost all of this year may finally have their day in the sun. Plus, ZSL is the better way of being short silver rather than directly shorting the iShares Silver Trust

, which has found its way to the Goldman Sachs hard-to-borrow list. 3) PowerShares DB Crude Oil Double Short ETN

: DTO is another trade that has to be timed just right and doing that has been difficult to say the least in recent weeks. This trade may extend for a few days, but don't get too greedy here and don't hold DTO for two months hoping oil will fall in a straight line. 4) PowerShares DB Precious Metals

and the ETFS Physical Metals Precious Metals Basket

: DBP and GLTR will probably be down on Monday, but the declines these high fliers see this week may represent entry points for astute traders. 5) iShares MSCI Emerging Markets Index Fund

: EEM is up almost 4% in the past month as emerging markets have been on a tear and the bin Laden news is just the type of headline that could provide a spark to the high beta emerging markets ETFs space. EEM is a buy above its 52-week high at $50.30.