Comments for ETF DAILY NEWS

Comment on Natural Gas ETF: What Exactly Do You Mean By Contango? (NYSE:UNG) by Texas Jim

Texas Jim — Sat, 31 Jul 2010 19:21:42 +0000

Thank you so much for explaining these new words and terminology, to wit:
“Steep backwardation could mean there’s a current shortage in the underlying commodity, while a steep contango could suggest a current surplus.”

Now, can we please move on and receive your explanations for “steep forwardupping” and “steep conrhumba”?

Comment on Morningstar Announces Speakers and Agenda for Inaugural ETF Invest Conference, Sept. 15-17, 2010 in Chicago by mybestfunds

mybestfunds — Sat, 31 Jul 2010 18:00:58 +0000

With the very large number of ETFs available, it is good to see this conference to help make sense of the ETF landscape. Recent commission free ETF’s from Vanguard have recently become an interesting choice for investors especially for sector rotation strategies as tracked at mybestfunds.

Comment on Looking Inside Bearish Engulfing Bars and The Reversals That Followed (SPY) by KK

KK — Fri, 30 Jul 2010 09:17:24 +0000

…I ask myself how bad is it in the states at this present time when the financial community should be away for the summer break and letting the market float up only to re audit on return in the autumn and thereby create the correction that we all expect.
This year seems different, can it really be an entire portion of the working populace are focused on the mid terms, or is what we are seeing in the markets a true reflection of things to come?
If either scenario has any weight to it then as a whole it is far worse than any of us have so far imagined, whatever the outcome, whether its finance or democracy or both! this should not be happening if it really is!
The only thing worth any value is our fragile peace and maybe we should start to talk up in its defence before it is too late to be heard.
Just a thought!
kk

Comment on Levels To Watch As The SPDR Gold ETF Tumbles (NYSE:GLD) by Quinn

Quinn — Wed, 28 Jul 2010 15:19:47 +0000

I am interested in a “dummies” guide to the kind of technical analysis you use in this story. I have a masters in Physics so I am not afraid of BIG math but I do need to understand the correlations you are making better. Any help would be appreciated…

Comment on (Canada) Horizons AlphaPro Launches Canada’s First Actively Managed Corporate Bond ETF by Canada Savings Account

Canada Savings Account — Wed, 28 Jul 2010 09:32:24 +0000

The AMEX Canada Business Investment Savings Account is a great choice for Canadian businesses, which want higher interest rates, no monthly fees and no fees for deposits and withdrawals.

Comment on Chinese Real Estate ETF Surging On Talk Of A Bubble In China’s Property Market (TAO, FXI) by Nick

Nick — Tue, 27 Jul 2010 15:17:59 +0000

China will always be in the positive with the real estate market. It’s just very stable.
I wish the US could achieve that.

Comment on Why Bear Market ETFs Are Lousy Investments (FAZ, TZA, TYP, EDZ, DRV, SPY) by BillyBob

BillyBob — Mon, 26 Jul 2010 18:00:49 +0000

Yeah and it takes a 25% gain to cover a 20% loss, and a 100% gain to cover a 50% loss. So blow smoke up somebody else’s ass.

Comment on Junior Gold Miners Versus The Big Producers (GDX, GDXJ) by Dennis Boyko

Dennis Boyko — Mon, 26 Jul 2010 17:58:30 +0000

Rubicon Minerals with a market cap approaching C$1B and less than 70K ounces of Inferred gold is a very interesting company. Is Rubicon priced correctly in the current market? I’ve put together a report on this question. For more information please see http://www.goldminerpulse.com/4Sale/rubiconMinerals.php

I think that any of the majors on your list will be shopping for several of the juniors you have listed. The next round of financial reports from the producers should push-up their stock prices and set the stage for several rounds of all stock take over deals of juniors. Agnico-Eagle has just completed an all stock Meliadine take-over and Goldcorp has been selling off projects, perhaps to build a take-over war chest. It should be an interesting 2nd half to 2010 and 2011.

Your list of producers and juniors are both excellent lists for anyone wanting to hold gold in the face of uncertain financial times.

Comment on Why Long Term Investors Lose Money In Commodity ETFs (USO, UNG) by MyCommodity

MyCommodity — Sun, 25 Jul 2010 17:30:51 +0000

Interesting article we think all commodity investors should read. We’ve shared this on for you.

‘Contango’ is one of the reasons we prefer holding the physical commodity, rather than an ETF. For example – the world’s largest gold ETF is is referred to having approx 20% of its value in futures. This is why we only sell physical gold, silver, platinum, and palladium in our live exchange markets.

Good investing!

Regards,
MyCommodity.com

Comment on The Stock Market Crash May Be Near For ETF Investors by incredulous

incredulous — Sat, 24 Jul 2010 19:31:23 +0000

ETF Daily news is a website I will never look at again. I thought this article was seriously espousing a market drop. Then the author started talking about moon phases and I thought “oh it’s a send-up”. Keep reading… “no I think their serious ’cause it just isn’t funny”. What a waste of time. Why am I writing this?

Comment on The Stock Market Crash May Be Near For ETF Investors by ChrisFS

ChrisFS — Fri, 23 Jul 2010 18:34:46 +0000

You said “But regardless, I have to conclude that the next two weeks must contain the epicenter of the decline, otherwise I will have to conclude that the pattern similarity is a total failure. ”

SPY is UP 7.3% in the last two weeks. No crash, ergo you are an idiot, Get out of the market and don’t give market advice.
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1279915200000&chddm=4753&chls=IntervalBasedLine&q=NYSE:SPY&ntsp=0

Comment on Peter Schiff Warns Of The Looming Dollar Collapse by ChrisFS

ChrisFS — Fri, 23 Jul 2010 18:24:57 +0000

Still waiting for that dollar collapse.

Comment on Richard Russell Predicts The Dow Will Test 6,547 Level (DDM, DOD, DOG, DXD, DVY) by Kugels

Kugels — Thu, 22 Jul 2010 09:11:25 +0000

I wish the publishers of prediction articles would automatically republish them again at the appropriate later time so we can all see how reliable the prediction was. I have a feeling that any fool can get on air or get published simply by making an extreme prediction and nobody remembers later how often they were wrong. Yet the orginator of the predicion will crow for years if one of his silly predictions happens to turn out right (and that is bound to happen sooner or later).

Comment on Richard Russell Predicts The Dow Will Test 6,547 Level (DDM, DOD, DOG, DXD, DVY) by Dave Looks For Evidence

Dave Looks For Evidence — Wed, 21 Jul 2010 22:56:53 +0000

This prediction would be OK if you gave just_one_shred_of_supporting_evidence.

It’s too bad you didn’t, because there are some big issues overhanging the market to be considered. But, without evidence, your prediction is just wasteful fortune-telling. Give people something worth reading.

Comment on The New Global X Lithium ETF Could Become The Commodity Of The Future (LIT, USO, UNG) by KerrisdaleCap

KerrisdaleCap — Tue, 20 Jul 2010 18:26:32 +0000

At Kerrisdale Capital, we looked at the ETF industry and how it’s grown. Our analysis can be found here: http://kerrisdalecap.com/commentary/?page_id=107&pid=254