Psst! Wanna short commodities? Deutsche Bank just made it a lot easier to do so, starting today. They are introducing two new Commodity ETNs, the Deutsche Bank Commodity Short ETN (DDP) ETN, and the Double Short (DEE) ETN.

Both are tied to the Deutsche Bank Liquid Commodity Index. The Index tracks the performance of six commodities in the energy, precious metals, industrial metals and grain sectors.

Being short means that you make money when the index goes down--and in the case of the Double Short ETN, you make TWICE as much money when it goes down--that is, for every dollar drop in the index, you make two dollars. Of course, if it goes the other way, you lose twice as much.

By the way, there is also a Long Commodity ETN (DPU) and a Double Long Commodity ETN (DYY).

In addition to getting paid based on the movement of the Commodity Index, you also get a monthly T-bill return--that is one of the features that distinguishes an Exchange Traded Fund (ETF) from an Exchange Traded Note (ETN).

This follows the release in February of Deutsche Bank's Short (DGZ) and Double Short (DZZ) Gold Index; the double short index in particular has seen a notable increase in volume as gold has moved down in the past week on the dollar's strength.

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