Ok guys here we go..

Knox, you need to warn people that UWTI is a 3x leveraged ETN.

Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0.

That's the mistake I made when I bought UGAZ at $8 a share based on the recommendation of this board. It has hopefully bottomed out at $2.40 for now, but I'm drowning right now.

When I originally bought it, I thought worst case scenario I could hold long term, for years until it inevitably broke even. That's not the case. If I hold it for years, it'll probably reverse split my shares so many times my shares would be worthless.

We've got a serious fracking issue right now. Oversupply, and crude oil / natural gas may not be going anywhere for a long time.

Despite the unusually cold temperatures we've had for almost 2 months, UGAZ was unable to reach much higher than it's low because the drillers are producing record amounts of NG/Oil right now.

If you had invested 40,000,000.00 MILLION into the NUGT is September 2011, which would be 100K shares, you would have 10K shares today worth a total of $9,170.00

Far be it from me to point out a bad invesment, as shorts have made millions on that fund the past 4 years. You have to WAIT for the actual turn in the economy for something like this to do anything positive. As long as the economy keeps trucking away, this will continue to fall and anyday now you can expect another R/S.

Same thing with the UWTI as it has fallen since inception via Feb. 2012 from 60 to 2.97 today. This too will probably split soon as this low price is just something they use to trigger buys. And then they bump it up and start all over again. I also thing these funds are there for the market fund managers to USE to drive down a price of a mutual fund they may offer when they buy it, before they sell it to you.

White collar crooks and they post here for all to lose. ! Just like they pound the board of YAHOO and tell you how great some stocks are, then they are gone....

Not making personal accusations as I don't any ONE person, but they dont miss any boards ! They know this site is full of Gamblers and want LOSERS, not winners. They would be here to trick you into buying something.

This one will turn once the American Frackers are out of business via the low price drivers in the middle EAST, they control the price of OIL, no one here does and as long as they produce, it will go down until the supply is dried up here, again, only because they are the only supplier left.

If you do buy the UWTI and it doesnt split on you. You can maybe make money at this price... I dont understand the GOLD fund as an investment as it isn't really low in price (gold that is)... After looking at the chart of this one AGAIN, maybe bottom, doesnt mean they wont split it one time to make out on shorting it as look at the 3 month chart, down 65% that is a huge loss for anyone and they are stuck holding and a split devores all their money.

I say MAYBE a chance as it hit low 2s and went back to 4. THat was a buy and sell oppurtunity. Holding this long is BIG risky because of the threat... of R/S

As you see, they all just go down, up a tick, down 20%, level off, then do it again. Most as shorted all day and everyday by big fund managers that can short them. Retyail level guys like us, dont short or cant and think. WOW, Oil goes up, this must go up too. Not really as there is no PRICE of something that forces that price up. No widgets for sale, the PRICE of oil may help it either way. But actually is NOT a sure thing. THose holding it short, fund managers and big buck traders know all of this, joe Q doesnt have a clue and thinks, OK, when oil goes up, this must too....

THey knew the price of oil was coming down and started this ETF just because of it.... Continuing to tell JOE Q that it has to turn sooner or later. Joe, oil is at 60.00 a barrel, I would invest your 100K in this ETF. Today Joe has 30K left and fired that guy already. THat guy probably shorted the shares right to him making big money for his company. Then he sees JOE in the bar and tells him how sorry he is....

aND as soon as Natural Gas and OIL start going up, they will still be Volitile and that is what the fund is based on, not just the thought of it going up....

UGAZ is down 90.62% for the year, the Price of naturaL GAS WENT from 4.10 - 2.80 during that time. For them to match the Price of hnatural gas would have to be .40c today. As you can see, one doesnt have full control of the other. The traders do and only they short. Now, think to yourself "which way will it go" ?

But there are going to be those trying t convince you that it has to turn sooner or later.

"Knox, you need to warn people that UWTI is a 3x leveraged ETN. 

Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0." 

Finally someone that gets it.