You are making some very broad statements based on a very limited analysis. If you do the same comparison of change in spot price vs change in UNG price for the 1/1/08 to 7/3/08 and 7/3/08 to 8/13/08 time periods you will find that the UNG and spot price changes are very correlated.
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Jack, Thank you another excellent article. I admire your analytic ability and your willingness to share your hard work. That said, I am puzzled by the disclosure at the end of this article that "I am not short or long any other stock, but also hold a large position in PWE". Surely you own more than 2 stocks!
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I went to XLE's holdings on Yahoo finance and it only listed the top tenholdings as of June 30.
Any other suggestions anyone? How about you, Matthew. Where do I get this info?
Thanks.
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