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iPath S&P GSCI Crude Oil TR ETN Message Board

  • bernard091111 bernard091111 Jul 6, 2009 10:46 PM Flag

    This ETF really is a scam, here's why:

     

    In December 2008 crude oil fell to approximately $33/bbl. This ETN traded at $23 per share at that same time. Now crude oil is about $64 /bbl, and this rip-off ETN is trading under $22 per share! This ETN should have fairly DOUBLED since December, and it hasn't moved. If you all think this reflects the price of crude, you have no idea how this ETN works.

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    • I believe the fund managers are thieves and we all should report this issue to:

      coxca@sec.gov mccoyj@sec.gov whitem@sec.gov hakalal@sec.gov tysonr@sec.gov thomsenl@sec.gov senator@shelby.senate.gov oig@sec.gov oiea@sec.gov enforcement@sec.gov chairmanoffice@sec.gov tradingandmarkets@sec.gov oms@sec.gov cmkmdiamonds@sec.gov help@sec.gov newyork@sec.gov boston@sec.gov
      philadelphia@sec.gov miami@sec.gov enforcement@sec.gov rmiller28@bloomberg.net comments@whitehouse.gov losangeles@sec.gov publicinfo@sec.gov help@sec.gov vice_president@whitehouse.gov comments@whitehouse.gov bailout@michaelmoore.com Squawkbox@cnbc.com Morningcall@cnbc.com


      Another example that: FAZ and FAS funds that one is supposed to bet against another but 2 are trading near their low low....how that is posiible???

 
OIL
11.41-0.63(-5.52%)Jul 2 4:00 PMEDT