But my understanding of commodity markets is that the precious metal ETFs actually own the underlying stuff and hence
track the spot prices pretty well.
The ETF
tracks the spot price of West Texas Intermediate (WTI) light, sweet crude oil.
Futures markets
tracked spot prices lower.
In order to understand how a commodity ETF works, you'll need to know whether
it tracks spot prices or futures prices.
So, I agree it doesn't
track the spot price of Nat Gas perfectly, but if it does make a run for it, I think you'll still do well in the futures contracts.
United States Oil Fund (USO), for instance, tries to
track the spot price of light, sweet crude oil by buying oil - futures contracts.
Not exact matches
It
tracks the metal's
spot price, minus expenses, using gold held in London.
Yesterday, we sold our swing trade in DB Gold Double Short ($ DZZ), a «short ETF» that inversely
tracks the
price of
spot gold, for a solid gain of 9 % over a two - week holding period.
While
spot prices for oil are up more than 50 percent this year, ETFs
tracking those markets through derivatives are heavily underperforming.
In this article, we use current annotated charts of United States Natural Gas Fund ($ UNG), a commodity ETF that roughly
tracks the
price of
spot natural gas futures, to show you how to trade the cup and handle chart pattern.
One potential ETF trade entry on our radar screen this week is SPDR Gold Trust ($ GLD), a commodity ETF that
tracks the
price of
spot gold futures.
The two main ETFs we trade are SPDR Gold Trust ($ GLD), which
tracks the
price of
spot gold futures, and Junior Gold Miners ($ GDXJ), which is comprised of a basket of smaller gold mining stocks.
Knowing whether an ETF
tracks spot or futures
prices will help you better understand its performance.
Kers» letter says that, «As the past few months have shown, our milk
price doesn't
track the extremes of the
spot market.
Darby helped me find the perfect pair of dress
track pants — a trend I
spotted on Pinterest and wanted to recreate for myself — and she shopped out a few leather jacket options in my
price range, which was super helpful.
* You Can't Beat the
Price with These Options * PREMIUM 1 PACKAGE - inc: iPod / MP3 Media Interface Cable, Rearview Camera, Mutli - Year Update for Navigation, Power Folding Mirrors, Auto Dimming Mirrors, Driver Memory Seat, Radio: COMAND System w / Navigation, 7.0» high resolution LCD screen w / 3D map views, enhanced voice control system, 10 GB music register, single disc CD / DVD player, Gracenote album information including cover art, SD card slot, SiriusXM traffic and SiriusXM weather w / 3 - year subscription, 115V AC Power Outlet Located in 2nd row, Power Tilt / Telescoping Steering Column, Double Sun Visors, Media Interface, SIRIUS XM Satellite Radio, SiriusXM real - time traffic and SiriusXM weather (w / 6 month trial), Auto - Dimming Side & Rearview Mirrors, LANE
TRACKING PACKAGE - inc: Lane Keeping Assist Package, Blind
Spot Assist, Lane Keeping Assist, WHEELS: 19» TWIN -5-SPOKE ALLOY (STD), TRAILER HITCH - inc: 7200 lbs Class III towing capacity, PRE-WIRING FOR REAR SEAT ENTERTAINMENT - inc: power headrest in front passenger seat, KEYLESS GO, HEATED MULTIFUNCTION STEERING WHEEL, HARMAN / KARDON LOGIC 7 SURROUND SOUND SYSTEM, EUCALYPTUS WOOD TRIM - inc: Does not include a wood cover over cupholders, BRUSHED ALUMINUM RUNNING BOARDS.
* This Mercedes - Benz E-Class Is Competitively
Priced with These Options * SPORT PACKAGE - inc: fixed «M» mode (E / S / M button) for transmission, Multicontour Front Seats, 3 - Spoke Sport Steering Wheel, Wheels: 18» AMG ® Twin 5 - Spoke Alloy, Sport Suspension, AMG ® Sport Package, perforated front brake discs w / painted calipers and aluminum pedals w / rubber studs, PREMIUM 1 PACKAGE - inc: COMAND System w / Hard - Drive Navigation, 10 GB hard - drive w / Music Register, AIRSCARF - Ventilated Headrest, Rear View Camera, SIRIUSXM Satellite Radio, SIRIUSXM Traffic and SIRIUSXM Weather w / 6 month trial, harman / kardon Logic 7 Surround Sound System, PARKING ASSIST PACKAGE - inc: Surround View Camera System, PARKTRONIC w / Advanced Parking Assist, LANE
TRACKING PACKAGE - inc: Blind
Spot Assist, Lane Keeping Assist, REAR TRUNKLID SPOILER, KEYLESS GO - inc: chrome exterior door handles, BLACK SOFT TOP, BLACK HEADLINER, BLACK ASH WOOD TRIM.
* You Can't Beat the
Price with These Options * PREMIUM 1 PACKAGE - inc: 115V AC Power Outlet In cargo area, Power Liftgate, Garage Door Opener, Digital Compass Display, iPod / MP3 Media Interface Package, iPod / MP3 Media Interface Cable, SIRIUS XM Satellite Radio, Auto - Dimming Mirrors, driver side and rear view mirrrors, Power Tilt / Sliding Panorama Sunroof, MULTIMEDIA PACKAGE - inc: Rearview Camera, Navigation Map Updates Included For 3 - years, Radio: COMAND System w / Hard - Drive Navigation, 40 GB COMAND system w / HD navigation, 7» color display, SIRIUS real time traffic service, in - dash PCMCIA memory card reader, Gracenote media database and 6 GB HD w / music register, LANE
TRACKING PACKAGE - inc: Lane Keeping Assist Package Code, Blind
Spot Assist, Lane Keeping Assist, WHEELS: 19» 5 TRIPLE SPOKE (STD), SIDE SKIRTS PAINTED, KEYLESS GO, HEATED STEERING WHEEL, HEATED FRONT SEATS, BLACK ASH WOOD TRIM.
This Mercedes - Benz includes: ILLUMINATED DOOR SILLS (PIO) *
PRICE TO FOLLOW * PREMIUM 1 PACKAGE HD Radio Navigation System CD Player Back - Up Camera Rear Bench Seat Heated Front Seat (s) CD Changer Satellite Radio Premium Sound System Power Folding Mirrors Hard Disk Drive Media Storage Pass - Through Rear Seat MP3 Player Bucket Seats CRYSTAL / SEASHELL GRAY, LEATHER UPHOLSTERY Leather Seats COMFORT BOX (PIO) *
PRICE TO FOLLOW * LANE
TRACKING PACKAGE Lane Departure Warning Blind
Spot Monitor WHEELS: 18» 5 - DOUBLE SPOKE ALLOY (STD) Aluminum Wheels SPORT PACKAGE BLACK ASH WOOD TRIM Woodgrain Interior Trim KEYLESS GO Keyless Start Power Door Locks Keyless Entry POWER TILT / SLIDING PANORAMA SUNROOF Panoramic Roof Generic Sun / Moonroof Sun / Moonroof Dual Moonroof REAR TRUNKLID SPOILER (PIO) *
PRICE TO FOLLOW * Rear Spoiler * Note - For third party subscriptions or services, please contact the dealer for more information.
GENERAL Vehicle / model: ’17 Jeep Grand Cherokee Trailhawk 4x4 Base
price: $ 43,095 Price as tested: $ 53,515 Options as tested: Customer Preferred Package 28J ($ 2,695), Jeep Active Safety Group ($ 1,495), 5.7 L Hemi V - 8 ($ 3,295), Rock Rails ($ 895), Uconnect 8.4 NAV ($ 450), Blind Spot and Cross Path Detection ($ 595), Destination Charge ($ 995) ENGINE Type: Chrysler 16 - valve V - 8 Displacement (ci / liter): 345/5.7 Bore x stroke (in): 3.92 x3.58 Compression ratio -LRB-: 1): 10.5 Intake / FI: Naturally aspirated, sequential multi-port electronic Mfg.'s power rating @ rpm (hp): 360 @ 5,150 Mfg.'s torque rating @ rpm (lb - ft): 390 @ 4,250 Mfg.'s suggested fuel type: Midrange unleaded recommended; regular unleaded acceptable DRIVETRAIN Transmission: ZF 845RE 8 - spd automatic Ratios -LRB-: 1): First 4.71 Second 3.14 Third 2.11 Fourth 1.67 Fifth 1.29 Sixth 1.00 Seventh 0.84 Eighth 0.67 Reverse 3.30 Axle ratio -LRB-: 1): 3.09 Transfer case: MP 3022 2 - spd Low - range ratio -LRB-: 1): 2.72 Crawl ratio -LRB-: 1): 39.6 FRAME / BODY Frame: Steel unibody Body: Steel SUSPENSION / AXLES Front: Short - and long - arm independent, coil springs, twin - tube coilover shocks, steel upper - and aluminum lower - control arms, stabilizer bar / ZF 7.7 - in Rear: Multi-link, coil springs, twin - tube shocks (with load leveling for towing), aluminum lower control arm, independent upper links plus a separate toe link, stabilizer bar / ZF 7.7 - in STEERING Type: Electric rack - and - pinion Turns (lock - to - lock): 3.2 Ratio -LRB-: 1): 16.7 BRAKES Front: 13.8x1.3 - in vented disc, two - piston caliper Rear: 13.0x0.9 - in vented disc, single - piston caliper ABS: Four - wheel WHEELS / TIRES Wheels (in): 18x8.0 Tires: P265 / 60R18 Goodyear Wrangler All - Terrain Adventure with Kevlar FUEL ECONOMY EPA city / highway: 14/22 Observed city / highway / trail: 15.7 DIMENSIONS / CAPACITIES Weight (lb): 5,154 Wheelbase (in): 114.8 Overall length (in): 189.8 Overall width (in): 76.5 (84.8 w / mirrors) Height (in): 69.3 Track f / r (in): 63.9 / 64.1 Minimum ground clearance (in): 8.2 (standard height), 10.4 (suspension position # 2) Turning diameter, curb - to - curb (ft): 37.1 Approach / departure angles (deg): 26.2 (standard height) 36.1 (suspension position # 2, air dam off) / 24.0 (standard suspension), 27.1 (air suspension position # 2) Breakover angle (deg): 18.2 (standard height), 22.8 (suspension position # 2) GVWR (lb): 6,800 Payload (lb): 1,190 Maximum towing capacity (lb): 7,200 Seating: 5 Fuel capacity (gal): 24.6 PERFORMANCE 0 - 60 mph (sec): 7.3 Quarter - mile (sec @ mph): 15.6 @ 90.9 Braking 60 - 0 mph (ft): 132.8 Ramp Travel Index (20 - deg, points)
price: $ 43,095
Price as tested: $ 53,515 Options as tested: Customer Preferred Package 28J ($ 2,695), Jeep Active Safety Group ($ 1,495), 5.7 L Hemi V - 8 ($ 3,295), Rock Rails ($ 895), Uconnect 8.4 NAV ($ 450), Blind Spot and Cross Path Detection ($ 595), Destination Charge ($ 995) ENGINE Type: Chrysler 16 - valve V - 8 Displacement (ci / liter): 345/5.7 Bore x stroke (in): 3.92 x3.58 Compression ratio -LRB-: 1): 10.5 Intake / FI: Naturally aspirated, sequential multi-port electronic Mfg.'s power rating @ rpm (hp): 360 @ 5,150 Mfg.'s torque rating @ rpm (lb - ft): 390 @ 4,250 Mfg.'s suggested fuel type: Midrange unleaded recommended; regular unleaded acceptable DRIVETRAIN Transmission: ZF 845RE 8 - spd automatic Ratios -LRB-: 1): First 4.71 Second 3.14 Third 2.11 Fourth 1.67 Fifth 1.29 Sixth 1.00 Seventh 0.84 Eighth 0.67 Reverse 3.30 Axle ratio -LRB-: 1): 3.09 Transfer case: MP 3022 2 - spd Low - range ratio -LRB-: 1): 2.72 Crawl ratio -LRB-: 1): 39.6 FRAME / BODY Frame: Steel unibody Body: Steel SUSPENSION / AXLES Front: Short - and long - arm independent, coil springs, twin - tube coilover shocks, steel upper - and aluminum lower - control arms, stabilizer bar / ZF 7.7 - in Rear: Multi-link, coil springs, twin - tube shocks (with load leveling for towing), aluminum lower control arm, independent upper links plus a separate toe link, stabilizer bar / ZF 7.7 - in STEERING Type: Electric rack - and - pinion Turns (lock - to - lock): 3.2 Ratio -LRB-: 1): 16.7 BRAKES Front: 13.8x1.3 - in vented disc, two - piston caliper Rear: 13.0x0.9 - in vented disc, single - piston caliper ABS: Four - wheel WHEELS / TIRES Wheels (in): 18x8.0 Tires: P265 / 60R18 Goodyear Wrangler All - Terrain Adventure with Kevlar FUEL ECONOMY EPA city / highway: 14/22 Observed city / highway / trail: 15.7 DIMENSIONS / CAPACITIES Weight (lb): 5,154 Wheelbase (in): 114.8 Overall length (in): 189.8 Overall width (in): 76.5 (84.8 w / mirrors) Height (in): 69.3 Track f / r (in): 63.9 / 64.1 Minimum ground clearance (in): 8.2 (standard height), 10.4 (suspension position # 2) Turning diameter, curb - to - curb (ft): 37.1 Approach / departure angles (deg): 26.2 (standard height) 36.1 (suspension position # 2, air dam off) / 24.0 (standard suspension), 27.1 (air suspension position # 2) Breakover angle (deg): 18.2 (standard height), 22.8 (suspension position # 2) GVWR (lb): 6,800 Payload (lb): 1,190 Maximum towing capacity (lb): 7,200 Seating: 5 Fuel capacity (gal): 24.6 PERFORMANCE 0 - 60 mph (sec): 7.3 Quarter - mile (sec @ mph): 15.6 @ 90.9 Braking 60 - 0 mph (ft): 132.8 Ramp Travel Index (20 - deg, points)
Price as tested: $ 53,515 Options as tested: Customer Preferred Package 28J ($ 2,695), Jeep Active Safety Group ($ 1,495), 5.7 L Hemi V - 8 ($ 3,295), Rock Rails ($ 895), Uconnect 8.4 NAV ($ 450), Blind
Spot and Cross Path Detection ($ 595), Destination Charge ($ 995) ENGINE Type: Chrysler 16 - valve V - 8 Displacement (ci / liter): 345/5.7 Bore x stroke (in): 3.92 x3.58 Compression ratio -LRB-: 1): 10.5 Intake / FI: Naturally aspirated, sequential multi-port electronic Mfg.'s power rating @ rpm (hp): 360 @ 5,150 Mfg.'s torque rating @ rpm (lb - ft): 390 @ 4,250 Mfg.'s suggested fuel type: Midrange unleaded recommended; regular unleaded acceptable DRIVETRAIN Transmission: ZF 845RE 8 - spd automatic Ratios -LRB-: 1): First 4.71 Second 3.14 Third 2.11 Fourth 1.67 Fifth 1.29 Sixth 1.00 Seventh 0.84 Eighth 0.67 Reverse 3.30 Axle ratio -LRB-: 1): 3.09 Transfer case: MP 3022 2 - spd Low - range ratio -LRB-: 1): 2.72 Crawl ratio -LRB-: 1): 39.6 FRAME / BODY Frame: Steel unibody Body: Steel SUSPENSION / AXLES Front: Short - and long - arm independent, coil springs, twin - tube coilover shocks, steel upper - and aluminum lower - control arms, stabilizer bar / ZF 7.7 - in Rear: Multi-link, coil springs, twin - tube shocks (with load leveling for towing), aluminum lower control arm, independent upper links plus a separate toe link, stabilizer bar / ZF 7.7 - in STEERING Type: Electric rack - and - pinion Turns (lock - to - lock): 3.2 Ratio -LRB-: 1): 16.7 BRAKES Front: 13.8x1.3 - in vented disc, two - piston caliper Rear: 13.0x0.9 - in vented disc, single - piston caliper ABS: Four - wheel WHEELS / TIRES Wheels (in): 18x8.0 Tires: P265 / 60R18 Goodyear Wrangler All - Terrain Adventure with Kevlar FUEL ECONOMY EPA city / highway: 14/22 Observed city / highway / trail: 15.7 DIMENSIONS / CAPACITIES Weight (lb): 5,154 Wheelbase (in): 114.8 Overall length (in): 189.8 Overall width (in): 76.5 (84.8 w / mirrors) Height (in): 69.3
Track f / r (in): 63.9 / 64.1 Minimum ground clearance (in): 8.2 (standard height), 10.4 (suspension position # 2) Turning diameter, curb - to - curb (ft): 37.1 Approach / departure angles (deg): 26.2 (standard height) 36.1 (suspension position # 2, air dam off) / 24.0 (standard suspension), 27.1 (air suspension position # 2) Breakover angle (deg): 18.2 (standard height), 22.8 (suspension position # 2) GVWR (lb): 6,800 Payload (lb): 1,190 Maximum towing capacity (lb): 7,200 Seating: 5 Fuel capacity (gal): 24.6 PERFORMANCE 0 - 60 mph (sec): 7.3 Quarter - mile (sec @ mph): 15.6 @ 90.9 Braking 60 - 0 mph (ft): 132.8 Ramp Travel Index (20 - deg, points): 375
This Mercedes - Benz includes: PREMIUM 1 PACKAGE HD Radio Navigation System CD Player Back - Up Camera Rear Bench Seat Heated Front Seat (s) CD Changer Satellite Radio Premium Sound System Power Folding Mirrors Hard Disk Drive Media Storage Pass - Through Rear Seat MP3 Player Bucket Seats LANE
TRACKING PACKAGE Lane Departure Warning Blind
Spot Monitor WHEELS: 18» 5 - DOUBLE SPOKE ALLOY (STD) Aluminum Wheels SPORT PACKAGE OPEN - PORE BROWN ASH WOOD TRIM Woodgrain Interior Trim REAR TRUNKLID SPOILER (PIO) *
PRICE TO FOLLOW * Rear Spoiler * Note - For third party subscriptions or services, please contact the dealer for more information.
What all commodity index funds do is buy a basket of futures contracts, usually near - month contracts, which should closely
track the
price in the here and now (also known as the «
spot price») movement of the various commodities.
So, except for tiny effects of convexity bias (due to earning or paying interest on margin), futures and forwards with equal delivery
prices result in the same total loss or gain, but holders of futures experience that loss / gain in daily increments which
track the forward's daily
price changes, while the forward's
spot price converges to the settlement
price.
It
tracks Price Action patterns, Support and Resistance levels and alerts you as soon as perfect trading opportunities are
spotted.
I'm on Skiplagged constantly because these two tools make it my fave
spot for
tracking flight
prices: