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More Fun With Commodity ETFs

Tue, 16 Jun 2009 17:37:00 GMT

The natural gas trade is getting crowded - very crowded. Driven by the seemingly perpetual optimism that the price of natural gas can't go any lower when nearly every other commodity price is soaring, traders and investors alike have piled into the giant United States Natural Gas Fund, LP ETF (NYSEArca:UNG) in recent months which, ironically, is now becoming problematic. The first-of-its-kind ETF that holds only natural gas futures, launched just over two years ago now with average daily trading volume of over 22 million shares and boasting net[More...]

Three Stocks To Buy, 397 To Sell Or Avoid

Tue, 16 Jun 2009 14:39:00 GMT

My Saturdays always start off the same way... I wake up a couple hours before the rest of my family, fire up the computer, and spend a good chunk of the morning scrolling through stock charts.[More...]

More Weakness Ahead?

Mon, 15 Jun 2009 19:09:00 GMT

We're seeing healthy pullback today on around average volume. Few stocks are being spared, but nothing is tanking either. It will be interesting to watch the action in the last hour of the day, as that typically seen strength and heavy volume. Crude oil is finally pulling back a little, while natural gas is climbing. Interesting shift. Will it continue? A lot of people have been saying it will, or at least for the spread between the two to close. I didn't get into UNG under 14 again like I'd hoped; I was probably a little picky. Ideally (and I've said this before), I'd like to establish a good sized position in UNG with two goals. 1) A core position that I will hold for a good length of time (ideally when gas prices move back to earlier highs), and 2) Trading shares. UNG has been fairly easy to trade between around 13.50 to 15.50 give or take a little. There is some risk in not being in UNG at this point, and that is that we're finally making a solid[More...]

Three Reasons Why Oil Prices Are Rising And Where They’re Headed Next

Mon, 15 Jun 2009 17:29:37 GMT

Whether it’s heading up or down, the oil market usually asserts itself as the leader of the commodities world.[More...]

Consolidation Phase Favors Bulls

Sat, 13 Jun 2009 16:40:10 GMT

Taking a look at index and sector ETF charts, most consolidated during the past week. Until price breaks out of consolidation, neither bulls nor bears hold the advantage. At the same time, the dominant trend is still higher, and support levels are generally closer to current price than are resistance levels. - SPY consolidated under the 95.00 level this week. Price has support around the 90.00 area in the form of the 50 and 200 day moving averages, which are about to cross in a bullish fashion. Last week's high was 96.11. A break above that level should squeeze the shorts. [More...]

Stocks I'm Looking To Buy

Tue, 09 Jun 2009 16:41:06 GMT

I like to provide an update of my watch list from time to time, with some detail about where I'd like to enter various names. So here's what I'm looking at right now: US Natural Gas (UNG). Anyone who has been reading the blog knows I've been in this before and watch it closely. In the short term, this is being driven by speculators and hasn't moved due to still weak fundamentals. In the coming 6 months to couple of years, I think this has major upside potential. You can trade it short term, or just buy it and hold it. I'd like to get it back near 13.50, and the chart is still pointing that way. News Corp. (NWSA). Followed Todd Sullivan into this trade. I like the thesis on this stock has they are doing well in the face of tough times for most media. I sold it due to the 20%[More...]

Bloomberg: Natural Gas Cheapest To Oil Since 1992

Mon, 08 Jun 2009 17:46:42 GMT

I've written a ton about this, and I'd expect to write more as this is one of the most popular trades out there. Money is flowing swiftly into commodity funds and speculators are back into oil and gas. Oil has moved, and gas really hasn't. Here's some commentary via Bloomberg on the situation: This year’s 31 percent decline in natural gas made it the worst performing commodity and the cheapest next to oil since the fall of the Soviet Union. That’s about to change, if history is any guide.Natural gas lost 72 percent in 11 months as the U.S. fell into the deepest recession in 50 years and drillers failed to idle rigs fast enough to control inventories. Stockpiles are 22 percent larger than the five-year average, the Energy Department said. Oil costs 18 times more than gas, the biggest gap since 1992, when the[More...]

The Next Big Commodity Play

Wed, 03 Jun 2009 14:39:58 GMT

Above is a graph of various commodity ETFs. The main ticker is UNG (United States Natural Gas Fund), a ETF which tracks prices of natural gas delivered at Henry Hub. OIL is the iPath Oil ETN. JJA is the iPath Agricultural Commodities ETN. JJM is the iPath[More...]

US Natural Gas (NYSE: UNG): For 'Xcelerated Profits'

Tue, 02 Jun 2009 17:26:53 GMT

"After enduring one of the worst slumps on record, we’re beginning to see a rebound in all major commodities market," says Lee Lowell, adding "But one commodity stands out in particular -- natural gas." In Xcelerated Profits Report, he explains, "This could represent the best buying opportunity in several years." Here's the advisor's recent review of the United States[More...]

Summer Has Started… And Commodities Are Heating Up

Mon, 01 Jun 2009 15:37:00 GMT

Monday, June 1, 2009 by Lee Lowell, Futures Options & Commodities Specialist, Smart Profits Report If you’ve noticed price spikes at the gas pump lately, it’s not just because of the recent Memorial Day holiday or the onset of summer. It would appear that the energy market has finally found its bull horns and its ready to charge forward. Let’s take a look, starting with the key driver - oil… Close To $70… With $80 In Its Sights Over the past couple of weeks, crude oil futures have embarked on a solid upside run. The price is now getting very close to reaching our projected target of $70 from [More...]

United States Commodity Funds LLC Rings the Opening Bell at the New York Stock Exchange

Mon, 02 Feb 2009 17:20:00 GMT

United States Commodity Funds LLC , the General Partner and manager of United States Oil Fund, LP , United States Natural Gas Fund, LP , United States 12 Month Oil Fund, LP , United States Gasoline Fund, LP and United States Heating Oil Fund, LP , today rang the Opening Bell at the New York Stock Exchange . Each of the Funds, which were previously listed on the American Stock Exchange, recently has been transferred to the NYSE Arca. "We are very pleased to work with the world's preeminent stock exchange," stated John T. Hyland, USCF Portfolio Manager and Chief Investment Officer of the Funds. "We are thrilled to list United States Commodity Funds on NYSE Arca," said NYSE Euronext Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. "These products further solidify NYSE Euronext's strong placement in the growing ETF market and our commitment to offering investors the most diverse mix of products with the highest level of market quality."[More...]

Commodity Fund Manager United States Commodity Funds LLC Comments on Recent Media Reports About the Credit Risk of Certain Commodity Based Exchange Traded Securities

Sat, 27 Sep 2008 00:35:00 GMT

United States Commodity Funds LLC , the General Partner and manager of United States Oil Fund, LP , United States Natural Gas Fund, LP , United States 12 Month Oil Fund, LP , United States Gasoline Fund, LP and United States Heating Oil Fund, LP , today responded to recent comments made in media reports on the topic of credit risk and commodity based exchange traded securities and ETFs. Such reports mentioned that some commodity-based exchange traded securities make use of various non-exchange traded commodity related derivatives, such as swaps, to provide the fund's economic exposure to its underlying commodity or commodities. The reports further raise the issue that such non-listed investments raise the potential for counter-party risk on the part of the commodity funds if the other participant in the swap were to be unable to perform as required by the terms of the swap. With the recent disruption in the financial markets, the General Partner feels that some investors might incorrectly draw conclusions from the articles about the credit risks involved in the Funds managed by USCF.[More...]

Commodity Fund Manager United States Commodity Funds Announces the Transfer of Securities From American Stock Exchange to NYSE Arca in Connection With NYSE Euronext's Acquisition of Amex.

Thu, 18 Sep 2008 10:56:00 GMT

United States Commodity Funds LLC, on behalf of United States Oil Fund, LP, United States Natural Gas Fund, LP, United States 12 Month Oil Fund, LP, United States Gasoline Fund, LP and United States Heating Oil Fund, LP , today announced that each Fund will transfer the listing of its limited partnership units that are currently listed on the American Stock Exchange to NYSE Arca after the close of NYSE Euronext's planned acquisition of the Amex. The proposed acquisition remains subject to the satisfaction of certain conditions including the approval of the U.S. Securities and Exchange Commission. The Amex and NYSE Euronext expect the transaction to close in the third quarter of this year.[More...]

Commodity Fund Manager Victoria Bay Asset Management Announces Name Change

Tue, 24 Jun 2008 11:27:00 GMT

Victoria Bay Asset Management, LLC, the manager of a number of commodity-based exchange traded securities including the United States Oil Fund, LP , has officially changed its name. The new name of the firm is the "United States Commodity Funds LLC ."[More...]

Form 3 Hyland John T. For: Mar 03 (10K)

Fri, 29 May 2009 21:43:00 GMT

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