Wednesday, February 22, 2012

UNG Kiss of Death - Again! Reverse Splits. Don't Walk, Run.

Ooops, they did it again. it wasn't even that long ago that they had done a reverse split (less than 1 year)

They are called kiss of death for a reason. What happened since the last reverse split?

Did they stock go up +301% Oh no, not at all.

March 11 2011: stock was at the equivalent of today's $42 or so. Last reverse split was from $5 to $10. Obviously that was not enough, so this time it was from $5 or so to $20. Given the current supply glut on natural gas, end result could well be the same.

Japanese Yen falls off a cliff: ETFs to use

After years of climbing for dubious reasons, the Japanese Yen has fallen off a cliff:

The most popular ETF is FXY. There are other long and short ETFs, for example, YCL and YCS. Please see our Currency ETFs tracking live page.

Monday, February 13, 2012

Why You Should Not Buy USO

Larry Bermann pointed out on TV today why you should not buy USO for the long term, nor any other commodities ETFs that trades futures for that matter.

USO was launched when oil was at around $60. Today oil around $100. How about USO:

How is this possible? The reason is the same we point out so often: contango kills these ETFs.