Although I wouldn’t short a U.S. ETF with a 10-foot pole these days, I am totally comfortable shorting Russia at present price levels.

ETF investors have a plethora of ways to access international exposure in their portfolios that range from single country sector funds to broad-based global indices.

Let met show you some of the best looking investment opportunities. Three countries are poised for higher prices.

Russia and China’s enormous $400 billion gas deal is strong confirmation that a multi-polar world is arriving. The election of Modi in India intensifies the process.

A big rally is currently underway in Russian stocks now that it seems certain that the Crimea is going to be absorbed into the Russian Federation. Many observers believe the rally won't hold, which is actually a bullish sign.

Russia has always had a major naval base in the Crimean Peninsula and they are securing their "vital interests" which, of course, makes everyone else nervous.