ETFS Short Crude Oil (SOIL) is designed to change each day by minus one times (-1x) the daily percentage change in the DJ-AIG Crude Oil Sub-IndexSM (before fees and adjustments). Therefore if the DJ-AIG Crude Oil Sub-IndexSM falls (or rises) by 1% in one day, then ETFS Short Crude Oil will rise (or fall) by 1%. In addition, an interest component is added each day to give a total return investment.





s7.39 or 4.80P GOOD STARTING POINT. 13 FEB NOW $3.50 or 2.50 half price sorry.

for oil? ..... reckon it will settle at about $60/70 by say mid year, and would fully expect a surge in M&A activity before sp of the likes of TLW, HOIL and PMO gets out of hand

one of the anomalies of oil is the huge discount of the front month wti. Morgan etc may predict $25 perhaps at expiry but it is a little academic when the following month may be $10 higher

nymex $36.65 falling.

buy at about $35 is my (aided) guess

thats some tumble today! looking to get out of future spreads and buy ETF's - so is this the main one for going long on crude - just wondering how the price relates to spot price and is this linked to WTI/Nymex or what?

etf's certainly far better for long term holding, no roll over's price erosion etc. and isa benefit.Futures good for playing one off each other

Ted have a look on oil thread on advfn quite a lot on there if you search back re. etf's. It seems that wti march is trading at such a huge discount because the wti depot at Cushing is full partly due to seasonal refinery maintenence, demand, inability to export...

LSE fact sheet may help you Ted.

http://www.londonstockexchange.com/NR/rdonlyres/EAFD26AC-E93F-428E-B6E2-CFA776CE0BB9/0/ETFSFactSheetLeveragedCrudeOil.pdf

Sheds some light on situation...
http://www.thenational.ae/article/20090207/BUSINESS/386867450

march nymex (settles 20 feb) is taking a real hammering again ..... down a further $0.65 to $35.40

http://www.ft.com/cms/s/0/6cc84c30-f867-11dd-aae8-000077b07658.html?nclick_check=1

Falco, yeh already been on there voicing some concerns earlier, it might be that ETF's may suit me better, but miffed its CFD's and dollar quoted, instead of Spreadbet and stirling, i wanted to scalp - still dont know whether to bother, i opened a daily earlier but you have to phone broker for rollover before 7.30pm each day, its all a bit mickey mouse, cos if trades go wrong way they will turn out to be a longer term hold (until oil recovers), therefore ETF's would be favourable for reasons given...
regards

Liked this bit in particular...:)


If the index falls by 50% or more in one day, an investment in a Leveraged ETC will lose all of its value

hard to believe crude has fallen so aggressively ..... a sharp bounce must surely be due, but is one brave enough to pre-guess it

I've got an order in for $40 april, quite unusual to get a drop of more than $3 in a day. Lows seem to often occur at 1:30 and 730 respectively, wti has certainly lost the plot and the head honchos at Nymex will be under a lot of pressure not only because of this pricing abberation but also because I gather a lot of OPEC would rather be denominated in a non dollar currency

It appears a certain falseness that crude is (supposedly) $35 today, because as far as i can work out you will be paying $42 in a few days once march expires...

Have you read the book 'Rigged' Ted it's fiction but sheds quite a lot of light on Nymex

topped up today, either bravely or foolishly, time will tell

long i take it

ETFS Leveraged Crude Oil (LOIL) is designed to change each day by two times (+2x) the daily percentage change in the DJ-AIG Crude Oil Sub-IndexSM (before fees and adjustments). Therefore if the DJ-AIG Crude Oil Sub-IndexSM rises (or falls) by 1% in one day, then ETFS Leveraged Crude Oil will rise (or fall) by 2%. In addition, an interest component is added each day to give a total return investment.