Fairway Jack

4 Ways to Ride Oil's Ups and Downs

Agreed...USO is a joke. Contango erosion wipes out any semblance of a true reflection of tracking oil prices. Steer clear of this fund


On Jun 12 09:30 PM BioBoy wrote:

> I am surprised to hear you recommend USO. It may be "designed to
> track West Texas Intermediate (light, sweet crude oil) prices", but
> it doesn't. It's underperformed by 14% in the past year. How about
> recommending something useful, like DBO? Unlike USO, which simply
> rolls over near-month contracts (and usually takes a loss each and
> every month doing it), DBO buys a variety of far-month contracts
> to minimize the effects of contango. Compare their performance and
> you'll see the difference.

USL, USO and the Contango Collapse

I like the way you think. I am coincidently making many of the same trades you are. I also like GSG. No big time leverage but I like the weighting of commodities.


On Mar 20 12:04 PM SteadfastMason wrote:

> UOY does not seem to have much volume. That translates to me to be
> possibly tough to sell, if needed.
>
> I hold DXO, a 2X Oil Bull ETF and ERX. it is a 3x Bull, Energy ETF.
>
>
>
> SteadfastMason

10 Predictions for the Global Economy

Commodities...you say the worst is probably yet to come and state oil could fall to 30 from present 45 / barrel. That is a 33% drop. Are you aware that oil was recently $145+ ??....that's a 70% drop.