Your at the top of my list in Google Reader, I always want to hear what you have to say, because I hope to get an insight into how these USO trading entities and the like operate
Phenominal. Just EXACTLY what I have been trying to find to explain how to play oil. I have owned USO for several years and unfortunately had a "message board" understanding of its mechanics. Warren Buffett's doctrine is to understand your investments fully or find another investment. Now I can do that honestly! Thank you.
Thanks very much for this great explanation. I've been wondering why my OIL fund had been performing so poorly for a few weeks now. OIL has been doing even worse than USO and looks much worse now 6 weeks after your publish... I guess it may be worth holding and hoping for backwardation?! :)
Thanks, much appreciated. I am currently working on a video series about oil price manipulation and the dubious role of WTI as a pricing mechanism. My aim is to approach the subject from a practical angle - discussing ways to profit from imbalances, rather than a 'call to arms' against the system. Cheers.
Excellent video.
kokorugs 1 year ago
Your at the top of my list in Google Reader, I always want to hear what you have to say, because I hope to get an insight into how these USO trading entities and the like operate
fox20012 2 years ago
Excellent explanation!
Thank you for taking the time to make this video!
anythingyouwant29 2 years ago 2
thanks your da man
fatalegg 2 years ago
Thanks very much indeed. I appreciate the feedback.
flaskofcoffee 2 years ago
This has been flagged as spam show
Excellent video on contango and backwardation - could not have been explained any better than this!!!
Please keep posting videos.
Thanks
murzbanc 2 years ago
Comment removed
murzbanc 2 years ago
Phenominal. Just EXACTLY what I have been trying to find to explain how to play oil. I have owned USO for several years and unfortunately had a "message board" understanding of its mechanics. Warren Buffett's doctrine is to understand your investments fully or find another investment. Now I can do that honestly! Thank you.
mr1tomacco 2 years ago 3
Thank you all for the kind words.
I took my own contango-beating long on USO in early 2007 so I do understand the frustration. ;-)
Really glad I could produce something of value to others.
USO is great if you keep on the right side of the trend. A bottom-fisher's dream; it ain't.
By the way; covered calls can sometimes be useful as the premium is usually high on USO.
Cheers.
flaskofcoffee 2 years ago
OMG great video, I would love to know your thoughts on DXO vs. DBO
I'm currently in DXO but am rethinking this especially after seeing this video. However when I look at return DXO seems to perform better.
mkearns123 2 years ago
Thanks very much for this great explanation. I've been wondering why my OIL fund had been performing so poorly for a few weeks now. OIL has been doing even worse than USO and looks much worse now 6 weeks after your publish... I guess it may be worth holding and hoping for backwardation?! :)
adb771 2 years ago 2
Excellent explanation!
Derukugi2 2 years ago 2
Very well done, thanks a lot!
I am looking forward to hearing/seeing your series, especially with the focus on a practical approach.
w0nk0 3 years ago 2
Excellent.
willybizz 3 years ago 4
Thanks, much appreciated. I am currently working on a video series about oil price manipulation and the dubious role of WTI as a pricing mechanism. My aim is to approach the subject from a practical angle - discussing ways to profit from imbalances, rather than a 'call to arms' against the system. Cheers.
flaskofcoffee 3 years ago