UNG had to reverse-split. Remember?
Oil was at $43 when USO printed it's prior $15.61 low.
Now oill is UP 11% to $47.75 and USO is printing new lows.
How can an ETF like SLV stay somewhat intact with silver prices (around 75 cent difference fo a long time) while USO appears to be decaying itself right into a reverse-split?
Sentiment: Strong Sell
Hate to see what would happen if everybody wanted to liquidate at once.
Stick that picture of Eric right beside your next account statement and let us know how you really feel.
Replaced with higher interest or more dilutive convertibles?
Ponzi scheme or just poorly run?