I carried through on Friday’s plan to unwind the short position on crude oil, selling my holding of the double-short, exchange-traded fund (ETF) Horizons BetaPro NYMEX Oil Bear Plus (HOD). I had planned to do it when the price went up another 5% to give me a 50% gain, but ...
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Larry MacDonald - 2 Comments »
One bright spot in the portfolio these days is an exchange-traded fund (ETF) called the Horizons BetaPro NYMEX Oil Bear Plus (HOD), which double shorts the price of crude oil. Since purchase, as recorded in a June 12 blog post, it’s up 45%. That helps ameliorate some of the pain ...
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Is it too early to start making a buy list for stocks expected to benefit from lower crude-oil prices? Maybe not… if Israel attacks Iran’s nuclear facilities (as a member of Prime Minister Olmert's cabinet recently warned might happen), the upward spike in oil prices could present an opportunity to ...
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The crude-oil bull will not be brought down easily. The price of a barrel is edging up today despite Saudi Arabia’s pledge yesterday to raise production, reports the Associated Press. And this comes on top of news last week of a 17% increase in China’s subsidized gasoline prices and a ...
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I’m not convinced the price of crude oil will stay above $135 (U.S.) a barrel forever. Sure, there has been a secular rise in demand against scarce supplies but I think the price has also been inflated by some temporal factors, particularly the upswing in the global business cycle (now ...
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The Intrade.com prediction market taking bets on the probability of a U.S. recession ticked up to 36 from 32 in response to the negative turn in news on the U.S. economy last week (as summarized in my earlier post). My feeling is that it should be trading higher given the ...
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If the price of crude oil doesn’t stop rising soon, stock markets are in for a swoon, judging from sell-offs today and yesterday. So how much further will oil rise?
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Stay bullish on natural gas says BCA Research, a Montreal-based institutional investment advisory. Their reasons include:
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