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Commodities Briefing - Categorized | ETFs / ETCs, Index, Market Moves more

Many ETFs hit 52-week lows in October

Posted on 06 November 2008

From Investors.com: Leveraged inverse commodity ETFs, which go up when their indexes go down, shot higher in October as bears trampled the bulls. PowerShares DB Crude Oil Double Short ETN, (DTO) which makes money from falling prices, rocketed 66.61% in October. Its opposite, PowerShares DB Crude Oil Double Long ETN, plunged 58.73%.

The price of crude oil sank 34.46% to a 16-month low of $65.96 a barrel in October — its steepest decline in 26 years — as U.S. demand dropped at its sharpest rate in 28 years….. Full Article: Source


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VRS - who has written 36130 posts on Opalesque Commodities Briefing.


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