ETF's don't accurately reflect prices of underlying assets
because of contango/backwardation & fees.
But for short term trading vehicles, they're OK.
Crude.....forget about gold & the miners.
Crude will not be in $40 for a long time though it
may take some time. Right now, it is very oversold.
Never happen....it's like asking Apple to cut production
so its competitors can make money.
Credit was supposed to get cut off in Oct, but
Wall Street extended to Feb-2016.
Next yr could be a blood bath.
$38 could be next target......but $35 is possible
Unless saudi & russians stop producing....very
difficult for them to do so.
It's crazy....too much BS on this board.
If you know the fundamentals, crude will
go sideways EOY.
Lucky I took profit at 8am.
Perhaps in 4 yrs...it's going to be like the mid-80's.
The problem is Saudi & Russia are not cutting.