The accompanying chart presents an 8-week analysis of global coal futures prices as a follow-up to my previous 5-month analysis last month, Market Vectors Coal ETF (KOL), PowerShares Global Coal ETF (PKOL), S&P 500 ETF (SPY), U.S. Natural Gas (UNG) + Oil (USO) Funds, and the Energy Sector ETF (XLE). The global price of coal is tracked by the near-month coal futures contracts from the U.S. (QL – Central Appalachian NYMEX Coal Futures), South Africa (AFR – Richards Bay ICE Coal Futures), and Eur
The accompanying 5-month chart presents an analysis of the global price of near-month coal futures contracts from the U.S. (QL – Central Appalachian NYMEX Coal Futures), South Africa (AFR – Richards Bay ICE Coal Futures), and Europe (ATW – Rotterdam ICE Coal Futures) compared to the Market Vectors Coal ETF (KOL), U.S. Natural Gas Fund (UNG, and U.S. Oil Fund (USO). Although this is not a huge amount of historical data, the past five months presents an interesting analysis given the tremendous volati
The accompanying table contains a summary and statistics for 16 ETFI global equity indexes and two commodity pool fund ideas, with the short/inverse and defensive themes outpacing the overall market averages over the past year in the midst of ongoing market turmoil around the world.
Although currently out of favor with investors, new commodity pool fund ideas include timber and coal. The CoalFund is a commodity pool that is structured to track the performance of exchange-traded, near-month futures contra
Despite attracting little in the way of investor interest in terms of trading volume and net assets, the iPath Global Carbon ETN (GRN) has outpaced the S&P 500 Index, U.S. Oil Fund (USO), U.S. Natural Gas Fund (UNG), and Central Appalachian Coal Futures (QL) (down 28.5%) over the past three months. Since diverging from oil and natural gas in late July, the global price of carbon is still trading above its low point at that time despite a global unwind of leverage which has hit commodities especially hard.
With no signs of relief from the latest round of the ongoing financial crisis and global equity market meltdown this week, the accompanying five-day chart highlights a stock and some funds registering impressive gains in the face of massive losses in former blue chips and mega-cap stocks such as AIG. Thanks to the biggest one-day gain ever for gold today, SPDR Gold Shares (GLD) lead the gainers with an advance exceeding 15% over the last five days. As investors flee to traditional safe havens such as U.S. Treasury Bon
With no signs of relief from the latest round of the ongoing financial crisis and global equity market meltdown this week, the accompanying five-day chart highlights a stock and some funds registering impressive gains in the face of massive losses in former blue chips and mega-cap stocks such as AIG. Thanks to the biggest one-day gain ever for gold today, SPDR Gold Shares (GLD) lead the gainers with an advance exceeding 15% over the last five days. As investors flee to traditional safe havens such as U.S. Treasury Bon
With no signs of relief from the latest round of the ongoing financial crisis and global equity market meltdown this week, the accompanying five-day chart highlights a stock and some funds registering impressive gains in the face of massive losses in former blue chips and mega-cap stocks such as AIG. Thanks to the biggest one-day gain ever for gold today, SPDR Gold Shares (GLD) lead the gainers with an advance exceeding 15% over the last five days. As investors flee to traditional safe havens such as U.S. Treasury Bon
I created a bull call spread by buying January 2009 $33 calls, and selling the $38's for a net debit of $1.65. My break even is $34.65. I believe natural gas will bounce from Sept to Dec., which it has seasonally done for the past 15 some odd years. Max loss is $1,650, while max gain is roughly double this if UNG hits $38 by January 2009.
I bought UNG at $34.33. Crude for October Delivery is down $7.19 to $108.27 on NYMEX with a day's range of $105.46-$118.25 after Gustav was far less severe than expected. Natural Gas for October Delivery is down $0.678 to $7.265 on NYMEX, with a day's range of $7.237-$7.993.
* Recently, we bought U.S. Natural Gas Fund (UNG) for The Disciplined Investor Managed Growth Strategy portfolios…
Below is an interesting graphic that shows the effect on energy commodities by the legislation that closed the Enron Loophole. Even though there has been a great deal of discussion concerning the supply and demand factor, specifically related to [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Natural Gas: Oversold and we are buying", url: "http://www.thedisciplinedinvestor.com/blog/2008/08/28/natural-gas-oversold-and-we-are-buying/" });</script>
Below is an interesting graphic that shows the effect on energy commodities by the legislation that closed the Enron Loophole. Even though there has been a great deal of discussion concerning the supply and demand factor, specifically related to China, it is clear that since July, the precipitous fall of energy commodities is not due to a reduction in demand. Supply/Demand had little to do with what occurred. It was rampant manipulation and speculation, and this graphic provides
* Buy 300 shares of United States Natural Gas Fund (UNG) with a limit of $40 and a protective sell stop at $36.90. Enter buy transaction after 10:30am ET.
When I was growing up, I can recall that the official end of summer was signified by a Labor Day barbecue where we would gather and [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Strategy Lab: Screening for Losers", url: "http://www.thedisciplinedinvestor.com/blog/2008/08/27/strategy-lab-screening-for-losers/" });</script>
The accompanying three month chart comparison illustrates that carbon prices, as tracked by iPath Global Carbon (GRN), have continued to diverge and outperform both oil (USO) and natural gas (UNG) as reported in my original article two weeks ago. In addition, the Central Appalachian Coal Futures near-month contract ( NYMEX: QL ) is up 11.8% over the last three months. Key factors in the demand for carbon credits include overall power demand and the relationship between natural gas and coal prices since burning ga
The accompanying table illustrates the high stock price volatility experienced by my Global Carbon Trading Index over the past five days. The following three stocks experienced gains exceeding 20% in just the last five days, including: EcoloCap Solutions (OTCBB: ECOS), Global Green Solutions (OTCBB: GGRN), and Carbon Conscious (Australia: CCF). Overall, the 17-stock index experienced an average gain of 2.4% on an equally-weighted basis over the past five days versus an increase of 1%
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