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Dave Nadig
3:38
And traditional funds - like USO - are just raw plays on the futures contracts, in USO's case, front month.
I think all of them should be treated as speculative, honestly.  I don't think a long term allocation to ANY individual commodity is a super good idea.
3:39
but these ETFs (or ETCs, if you want to call them that now!) all do what they say on the tin.  You just need to read up to make sure you know which one is doing what you want.
With that, I'm afraid, I'm going to have to wrap up.  My apologies if I didn't get to your question.  Don't take it personally!
3:40
One quick plug: our next webinar coming up is on fixed income in the current rate environment.  Should be a great one:
Next week I'll be at Inside ETFs Asia in Hong Kong, so we'll be skipping, but I'll see you all the week following!
3:41
Have a great day everyone.
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