saw some news about this new product awaiting approval to trade on the amex symbol "USO" ? anyone have info on who is behind it ? I saw a link to the following website but it looks like someone bought a domain name ... could have been anyone www.unitedstatesoilfund.com
this will be interesting ... some folks have been claiming that the upcoming silver ETF (?) will mark a short term top (?) in the silver market so it will be interesting to see if this new ETF that tracks Crude OIL will have any impact on the recent move up in oil prices sentiment wise or otherwise funny that nobody is saying that this ETF will remove product from the market like the gold ETF and possible silver ETF have or will do ... perhaps I need to read the prospectus on it ...
country etf take years for sec approval. how long did it take the silver etf which is about(?) to trade?
http://www.marketwatch.com/News/Sto...6C7-4DD3-8F68-FA75615A628D}&siteid=mktw&dist= http://biz.yahoo.com/ap/060409/oil_fund_risky_business.html?.v=1