bruno12

ETFs Are a Scam? I Don't Think So!

Check the biography for Neil George here on Seeking Alpha. He is the former editor of Personal Finance and currently has a newsletter devoted to dividend paying stocks. In other words he has some serious credentials in the investing business. I think the problem is that as a stock promoter he has a vested interest against the ETF business, since this takes money away from investing in the stocks themselves and therefore limits the number of people who will pay for his advice. Kind of like money that goes into GLD or GDX takes money away from the mining stocks themselves and therefore people don't need to pay for advice about which mining stocks to invest in.

Roger Wiegand: Oil Prices Create Industry Havoc

The Energy Report: Roger, the last time we spoke, early in October 2008, you were predicting oil would reach a new high before the end of the year. Obviously that hasn't been the case. What's your take on what's happened since then?

Roger Wiegand: What’s happened is that we thought oil would go to new highs, and it looked that way on the charts for the longer term technically. Other top technical advisors and institutions like Goldman Sachs had analysts’ prices that were pretty much in line with ours. They were looking at $150, $147 crude oil prices just like we were, and expecting them to go even higher. Then, of course, the credit crisis smash arrived and markets came down.

I agree that he should have seen the effect of the credit crisis in early October of 2008. Anybody can see it looking backwards. If I was going to pay for his advice, I would expect him to see it beforehand, or at least while it was happening, as was the case in early October. He was also way off on his predictions for gold and silver for the December 2008 contracts.

Forget $100 a Barrel - Oil Will Plummet to $30

The thing that caught my attention was using Freedom Oil and Gas as an example of "plenty of oil". This reminds me of Eden Energy, which was also going to stike it rich in Wolverine's backyard. Check out the history of Eden Energy. He could have chosen a much better example to illustrate that point. Makes me wonder what his agenda is. Is this a subtle pump for Freedom Oil and Gas ? Maybe not, because I don't see where it is publicly traded. This whole article just strikes me as the kind of pump you get from the alternative energy newsletters. I'll pass.

Test-Driving Some Exchange-Traded Oil Vehicles

Remembering what happened to DCR (it went to zero) when oil went over 111.00 for 3 consecutive days, I would stay away from these vehicles. The same thing could happen to either one of them if oil makes an extreme move to the upside or downside.