OOO 2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

no one trading oil - why, page-113

  1. 1,876 Posts.
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    "Thanks so much for posting that!"
    >>>> You are welcome mate - not many following OOO and care for any quality analysis either.

    "I've been investing in OOO on and off this year and made some good profit, however at the moment I've been disappointed at the performance, given that WTI is at a 15 month high, while OOO isn't even at a 6 month high! I now know why "

    >>>> Belooody SPGSCLP is the reason (not AUD vs USD as few thought so)

    So hopefully if WTI nears $60, will the SPGSCLP catch up quickly? I'm still doing a bit of research to better understand the SPGSCLP price and what moves it.

    >>>> If you can crack this nut will be wonderful...pls post once you find any substantial info.

    Also given the USD hedge, there is some prediction that the USD will strengthen towards December to pretty much all currencies given the expected Fed rate rise (the gold price decline is evidence of this), what impact do you guys think this will have on the hedged element of OOO?

    >>>> Indeed - higher the USD higher the WTI and hence higher the OOO !!

    Go OOO fly north we are waiting !
 
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