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Commodities Briefing - Categorized | Commodity Crisis, ETFs / ETCs more

Amid commodities declines, don’t forget nat gas ETFs

Posted on 03 July 2013

As a group, commodities performed miserably in the second quarter. The 8% decline for the PowerShares DB Commodity Index Tracking ETF tells the story, but it was gold and silver that garnered the bulk of the press.
Investors should not forget that natural gas futures also suffered through a dismal second quarter. The U.S. Natural Gas Fund, which tracks natural gas futures, plunged almost 14% last quarter due to soaring inventories and mild weather after getting a lift in the first quarter due to low temperatures in some parts of the U.S. On June 27, UNG tumbled to its lowest levels since February due to rising inventories and mild weather forecasts……………………………….Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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