Yeah I have been looking at it - good exposure - currency risk hedged out... anyone know much about BetaShares - are their etf's known for accuratly tracking the underlying index? How are they rated. Matthew 26:14 - what is the index it's tracking dont know much about oil are they tracking the WTI crude or the Brent Crude price - why is it only $50+ instead of $100+. I want some exposure to crude that doesnt include company risk. What is the main risk of this ETF?
its tracking WTI via another index apparently. http://www.theaustralian.com.au/bus...de-oil-index-etf/story-e6frgac6-1226206387724
http://www.standardandpoors.com/ser...lobwhere=1243855117645&blobheadervalue3=UTF-8 This is the fact sheet from S&P - I dont understand - but I want to understand. So basically it tracks the WTI spot price of crude?
Here is the product Disclosure statement from BetaShares http://www.asx.com.au/asxpdf/20111115/pdf/422k20qj5zkgqd.pdf
Hold onto your various bodily parts if you go into OOO. Oil futures are notoriously volatile. You think silver is a wild ride, wait till you get into oil. Yes the S&P index tracks the WTI. Oil went from $148 a barrel to $30 a barrel now back to $100. Now thats some wild swings and round-a-bouts !
Fortune favours the brave - with peak oil next year and the increasing possibility of civil or international war in the middle east, im betting the odds are sligthtly enough to take the risk.
And fools rush in when wise men fear to tread.... $100 a barrel seems about right. A double dip recession will see oil go through $50 again.
Im not 100% sure about that, energy demand is not meeting supply. I dont just want to look at 1 economic event. The geo-politics comes into this one quite substantialy. Crude oil is not just for energy, it makes hard plastics, rubber additive and many other products that are required for everyday living. I dont suspect (if it does get to 50) it would stay there for long. Onto another question - How does the index derive it's oil price. Its obviously not the spot price but it seems to be a selected prtion of overall commodities indext S&P has put together. So its effectively a 2:3 ratio compared to the spot price of WTI. Does that seem accurate to you guys?
Tight Oil Inventories Support Record Prices 12-05-2011 Dec/05/2011Joe Dancy: Tight Oil Inventories Support Record PricesIEA Energy Outlook sees clear fundamental support for stubbornly high pricesJoe Dancy joins Jim to talk about energy and sees global inventories and supply/demand metrics supporting continued high oil prices. In real terms, 2011 will have the highest average oil price in 147 years.James J Puplava CFP With Joseph Dancy http://feedproxy.google.com/~r/fsn/~5/yHXmWwefGeM/fsn2011-1205-1.mp3 timely
Anyone brought OOO. I am thinking of getting into it using Commsec. Brother and Sister. Please guide. Totally noob at this. A couple of questions Is it a buy low sell high play or it has expiry date(futures)? Can someone please explain why price is around $46, whereas WTI Crude oil is $89.1 and Brent Crude is $105.1? Say for example. per unit price is $46, how many unit min i can buy? Buying and Selling in Commsec is $19.95 / transaction. Apart from that no additional fees applies applies? (Well apart from capital gain tax later on) S&P 500 GSCI (Goldman Sachs Commodity Index) track the actual trend of oil price? Thanks in advance
Look at the ave daily volume for the stock, if your planning on selling in a oil price crash you would be hammered.
like any ETF, hard to sell out of on the way down, you need to have a guaranteed stop in place BTW oil got smashed in the last GFC all the way under $40
