Well, CFTC is making UNG flawed. Otherwise there is nothing
flawed in tracking front month futures.
This is how our markets are manipulated, business as usual -
printed cash must not go push commodities higher, rather,
go into already enormous derivative speculation in interest
rates and stocks.
This step will destroy UNG, USO, and such, since it essentially
prohibits the funds follow their objectives, that is,
tracking commodity price. As a result, premium will appear
in these funds. UFB, if you ask me. And it won't
help - it will push the prices lower short term, only for
them to really Xplode later on. Commodities are driven
by supply and demand.
It's interesting that they do it now that inflation is
back in the picture and folks are worried that the Fed's
printing will cause the bond market to melt.
bloomberg.com
When gold finally takes out 1K, will they prohibit GLD from
tracking the price?
Do not be surprised if they do... |
