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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (58646)	4/18/2006 11:03:45 PM
From: Bonefish	Read Replies (1) \| Respond to of 110194

Is there a index that tracks the price of oil like GLD tracks the price of gold?

To: Tommaso who wrote (58646)	4/19/2006 12:43:24 AM
From: ild	Read Replies (1) \| Respond to of 110194

<<<But if you (temporarily) have a lot of money pouring in on the long side, from the oil ETF, it could seriously skew the futures market to the upside. At least for a while.>>> Oil market is huge. Couple billions won't make a dent. Also those ETFs start with very low base. I haven't looked how this oil ETF works but gold ETF works very straightforward: you need to deposit physical gold if you want to get new ETF shares created for you. ETF itself isn't engaged in gold (or other) trading.