PROSHARES TR (AMEX:DIG)
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breakout on weekly charts has held thus far.
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Will lose tracking accuracy if held more than 1 day, so definitely will underperform in the long run. No brainer.
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I dont see how China's strong demand for oil & gas will change in the near future
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one of two reasons either US economy stumbles = weakening dollar = rising oil price in US dollars OR us economy strengthens = more global manufacturing = rising oil prices.
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Oil is going up, in the short term and the long term. There will be dips along the way. OPEC will pump up production to keep try to keep the price down as long as it can (Saudi Arabia says it likes it at 90 a barrel because it makes oil cheap enough to keep alternatives from being competitive) But expensive enough to make a lot of money. Thats the magic spot. If oil gets way too much higher than that, thats when alternatives start being forced to be used. But the fact is, there is a lot of demand, as the global economy recovers oil demand increases, as middle class people in developing nations get cars, demand increases, as populations increase, demand increases. As long as we don't switch cars to electric or natural gas (slow transition at best) and as long as we don't keep wrapping every item and shipping every item in oil products, well there is going to be demand. And supply has peaked or is about to peak. So oil will go up, but how far? We will all pay 5 dollars a gallon at the pump. Just like they do in other countries.
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The price of oil will eventually go up. With a price at $27, one can only expect DIG to start a climb.
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Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing
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When you hear that people are buying oil and keeping it on tankers planning to sell it for a profit in a couple of months...
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Oil is going to stay range bound. As a result this ETF will underperform.
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Market is pointing down for now so I believe this is a short term play only.
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Oil headed for a correction, and I accidentally red-thumbed DUG so need a hedge...
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Use this piggy as a hedge for my boatingif its down I can afford to use it, if its up I can sell some and afford to use it
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Good growth and earnings.
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Oil & Gas are rebounding. Long-term growth and price level of oil & gas appear to be heading higher.
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Oil will be back up to the 60ish mark by Aug ...
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It's Oil :)
I think it was grossly overpriced during the boom last year, but at this price, it's a steal.
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Energy stocks to move higher towards summer and then who knows.
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Oil seems to have a floor of 40-45 now and should be in a trading range of 45-60. As world ecomony recovers, oil prices will trend higher. Dig should move up rapidly in the next 6-9 months.
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Read my Blog Oil is not a God. I am an oil bear
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march,31,2009
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