sammyg123

First Gasoline ETF Comes to Market

Gasoline is a strategically sensitive commodity, and if this ETF grows in capitalization, the weight of those dollars can and will potentially create price swings that normal, non-investors will see at the pump. It looks like this financial vehicle is just a way to swindle money out of Joe 6 pack when he fills up at the pump. This ETF is basically a way to steal money from those who are least able to lose money. If 2 or 3 billion dollars comes in as non-consuming demand, I suspect that could artificially increase the price of gas by about 50 cents. Of course, when that happens, more will pile in, and the price of gas could go higher, just because of speculation. Great idea, Victoria! Way to go! Legal stealing - super duper! Pile on in! How about a CEO salary ETF, or a financial fraud ETF? Is that what is next, Victoria?