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Of course you can make money if you daytrade the ETFs, But not everybody is a Daytrader, most people just "invest" their money on this kind of tramp. UNG (and USO) has inadvertently become a bit of a lone crusader in the mission to expose the influence of exchange traded funds on commodity...

This is almost correct, every time UNG makes a Rollover they lose tons of money in a contango curve. And it is some kind of ponzi scheme for the average investor since a lot of professional traders front-run the Natty spreads everytime UNG has to do a roll like past week. The fund is a victim...

If you go to the welfare offices anywhere in the US, You'll notice that most people trying to get the "card" are lazy, overweights middle age peoples. I know a woman in NY, she's 25 years old with two childs and single, I ask her one day why she got pregnant again without a husband and no job...

Bumping this great thread. I did enter the Q/U spread last monday at -0,122 Im hoping to see this at -0,170 before this friday, the low today was -0,153. btw, the Q/X spread has been moving wild the last 2 days.

Superb article, thanks.

Don't blame him, that woman has one hell of an ass .

I don't like to be rude, but pal,You know nothing about the futures markets. I Trade physical Grains as a exporter and I trade energy related spreads. Look how volatile are the onions and garlic in the cash market, is over 300% bigger than most grains. the Indian Government banned futures...

Some Fresh News. By Danny Devito.- The United States Natural Gas Fund, temporarily suspend issuing new shares pending regulatory approval to expand the number of shares it can issue to 1.2 billion. The U.S. Natural Gas fund filed on June 5 with the SEC for permission to issue 1...

UNG will start their rollover July 15, 2009 through July 20, 2009. It will be ugly for them with this contango. I Don't usually trade NatGas, cause im busy trading Crude and Destillate spreads, But professional NatGas spreader like Papa Roach (great post btw) may take advantge of this next week.

USO has over 100,000 NYMEX contracts (long). http://www.wallstreetcourier.com/technician/traders-commitments/traders-commitments-crude-oil.htm

I pretty much agree with that, But what the public don't understand is how this industry works. The US Goverment can create a position limit of 1000 contract for the WTI, But the Big Guys have the money and the legal framework to open 3 dozen shops and trade through them. Is not the first...

Guys like Goldman Sachs makes most of their money playing against Funds like USO everytime this Fund has to make a rollover in a Contango Market. USO will Lose over 100 million USD over the next 4 days with the rollover and GS is the guy on the other hand. Is a legal ponzi scheme. True, They...

Hi, I think that you have no idea how the oil industry works, But let me tell you something, the biggest especulator in today's commodities market is your Government. They are the One who pushed the Oil and metals prices up destroying the value of the USDollar. On the other Hand, Today's Oil...

Well said!

The Clinton administration end the The Glass-Steagal act in 1999.

NYMEX natural gas futures contract started trading in 1990.

The biggest challenge in this project is the low level of qualified people in the financial sector in DR. The Bureaucracy there is overwhelming and the political corruption level is world class. But those are the countries that offer some of the biggest incentive for a true International Trader.

Punta Cana, Cap Cana and Casa de Campo used to generate they're own electric power. I heard that Punta Cana or Cap Cana (can't remeber) had a very serious financial problems a few months back.

You'r right, But those "private cities" in DR like Punta Cana and Casa de Campo are full of foreigner, especially from europe and northamerica. BTW: you don't have electric problems on those places in the island. There's a lot of money to be made in Dominican Republic, the profit margins...

That gap has widened to a ratio of 17 to 1 ($72,23-$4,226= $68,04 a very wide spread) or $4,226 x 17= $71,84.