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As Nat Gas rises, no breaks for coal ETF

Posted on 31 January 2014

No pun intended, but natural gas has been cooking with, well, gas this year. Natural gas is the best performing commodity in the S&P GSCI Commodity Index this year and the iPath Dow Jones-UBS Natural Gas Total Return Sub-Index ETN and the United States Natural Gas Fund are this year’s top two non-leveraged exchange traded funds.
Conventional wisdom used to hold that as natural gas prices, coal stocks would eventually go along for the ride because higher natural gas prices would entice electric utilities to go back to coal as a cost-saving measure. Utilities, as measured by the Utilities Select Sector SPDR, have not been stung by rising gas prices. XLU is up 2% this year………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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