ELEMENTS Australian Dollar (ADE)

All Comments on ADE

  • commenter
    David
    Jackson
    Aug 20 01:57 AM
    My Website
    Currency ETFs and ETNs [view article]
    Thank you! We've updated the list to include:
    Market Vectors Double Long Euro ETN (URR)
    Market Vectors Double Short Euro ETN (DRR)     Reply
  • commenter
    T Thomson
    Aug 14 12:56 PM
    Currency ETFs and ETNs [view article]
    Don't forget the Market Vectors Double Long and Double Short Euro ETN's. I hope someone introduces a short pound ETN soon! Reply
  • commenter
    paultaut
    Jul 29 02:02 PM
    The FX Market is Growing Worldwide [view article]
    Tiny...

    your wish is granted.

    Lien who?     Reply
  • commenter
    TinyTim
    Jul 29 01:06 PM
    The FX Market is Growing Worldwide [view article]
    I'd believe it if you would also quit reading them Reply
  • commenter
    paultaut
    Jul 29 09:27 AM
    The FX Market is Growing Worldwide [view article]
    So what? fear begets fear.

    I think you will be happy to note that this is my final comment on an article of yours. The comments of others are the only worthwhile aspect.     Reply
  • commenter
    ray hendon
    Jul 08 09:42 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Hi, Les,
    I am not aware of much research on currency ETFs. They are probably too new to attract much attention from analysts. However, even if they were I would be skeptical of their opinions. I'm equally skeptical of my own. No one can do much of a reliable prediction in this type of market, in my opinion. Things can turn on a dime at the slightest quiver of a wind from any direction.

    I have read a book on trading currencies, and I thought it was fairly good. Remember, all we have are opinions, and currency trading (vs. investing) is not necessairly a teachable subject. The book I read is : Getting Started in Currency Trading by Michael Duane Archer. It is probably out of print, but I found a copy at Amazon. Also, there are a couple of authors who contribute to Seeking Alpha. Chen and Lieu (if my spelling is correct) are two you might check on.

    I would encourage you to approach this subject with the greatest caution, and consider, instead, currency investing--something like the carry trade. Trading is fast paced and will eat you up fast if you are not exceptionally able to cope with it. Few are!

    Good luck.

    Ray0     Reply
  • commenter
    Les Mitchell
    Jul 08 01:33 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Ray: Is there any good, reliable, non-biased research available (at a reasonable cost) for currency EFT's. I'm a novice and have been unsuccessful in my limited amout of trading experience, but would like to learn.

    Les     Reply
  • commenter
    sawgill
    Jul 07 05:56 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Thanks for this timely and comprehensive report! Reply
  • commenter
    ray hendon
    Jul 07 02:53 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    I haven't been following CNY, since I detest most ETNs, and your report reaffirms my view on this instrument. I believe CYN is one of the ETNs that doesn't pay dividends, so the interest income, if any (and the Chinese Yuan is the last place I would go to earn interest) you will see only to the extent their forward contracts include any such accumulation. Apparently they are not. The reason for this, I believe, is that China pays less than 1% on their foreign deposits, so that precludes leaving any money there. But, even worse,the yuan is mostly traded through forward contracts which the providers "hope" will include some interest earnings. But, you can't prove that by me--especially with most ETNs.

    Also, even Wisdom Tree, whose yuan fund I like more than Van Eck's, only pays dividends on an annual basis--if I recall this correctly. China is not a good place to play the carry trade.

    I thank you for your post. Our readers need to know how these differences will affect them and their investments.

    Best wishes,

    Ray     Reply
  • commenter
    omsdds
    Jul 07 01:39 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Ray,
    I bought CNY on 4/17 @40.11 and it is now 39.78 RatesFX yuan value for 4/17 was 7.18812 and on 7/04 was 6.86425 The yuan has appreciated 4.51% while the ETN has depreciated 0.82% Very poor correlation between cash and ETN     Reply
  • commenter
    Georgey
    Jul 07 12:40 PM
    Six Ways to Trade Foreign Currencies [view article]
    CNY ive held since initial offering and its basically flat while my everbank renembi account so far increases about 1% a month .
    Wish I could explain or better wish Van Eck could. Market nerves about backer Morgan Stanley ?     Reply
  • commenter
    ray hendon
    Jul 07 09:47 AM
    Finding Your Comfort Zone with Currency Investing [view article]
    For ETFs the providers list their assets under management on a daily basis. For ETNs they list the indicative value, which is the last price per share times the number of shares outstanding.

    Best wishes,

    Ray     Reply
  • commenter
    MattFS218
    Jul 07 09:32 AM
    My Website
    Finding Your Comfort Zone with Currency Investing [view article]
    I'm curious as to how you got the asset amounts for the tables above. Since these are ETFs, can one take the current Market Cap as total assets? Reply
  • commenter
    blink0404
    Jul 02 03:56 PM
    Looking at the New Commodity and Currency ETFs [view article]
    Hey Roger Nusbaum fans,

    Here's a link to an Roger Nusbuam interview with Chip Hanlon on greenfaucet.
    www.greenfaucet.com/no...

    They discuss the market and why Nusbaum thinks there could more downside for stocks to come.     Reply
  • commenter
    Roger
    Nusbaum
    Jun 28 06:41 PM
    My Website
    Looking at the New Commodity and Currency ETFs [view article]
    thank you Reply

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