The popular, yet perennial money-loser UNG dropped to under $5, then recovered a little:
Please consider the current contango situation, through the front month contract prices
Contango is at 4.5% on the two front months, and almost 8% from first to third month. This is a really bad (high) number. Whenever this happens, UNG suffers.
Tuesday, January 31, 2012
Tuesday, January 17, 2012
Tuesday, January 10, 2012
BNN had a segment on gold and silver ETFs and the various allegations floating around that they do not actually have the gold they claim the have. The two interviewees state that they are false allegations with the purpose of selling other precious metals investments. You really never know what is behind these things.