Wt Agriculture Discussion Threads

[andrewbaker] 31/10/2008 20:38

Don't bother about AIG: they are counterparties and don't affect the investment returns one iota: now they are guaranteed by the US Govt., the counterparty investment risk is negligible. These ETF are some of the few investments making money recently, given the ability to short. I'm happy they are here: when a share goes south, you either hold and pray or sell, and you don't make money. With bi-directional ETF, when one turns south, you buy the short and head north again! I love 'em.

[sheeneqa] 31/10/2008 16:31

Yes is the answer!! Do not think many have grasped the depth of the crisis the city spivs/traders/hf have got the world into, hundreds of trillions yes trillions not billions of debt!!

A.I.G. Burning Through $123 Billion Fed Loan With No Explanation

The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October. Some analysts say at least part of the shortfall must have been there all along, hidden by irregular accounting.

"You don't just suddenly lose $120 billion overnight," said Donn Vickrey of Gradient Analytics, an independent securities research firm in Scottsdale, Ariz.

Read the whole story here.

[coffeelito] 31/10/2008 12:00

Can't believe how low this have crashed. Do any people think it's worth buying or did the AIG fracas make these too risky??

[andrewbaker] 28/10/2008 19:17

- juju43

Are you a 65 year-old bad omen or do you have an interest in ETF?

[juju43] 28/10/2008 12:40

what happened there?

[andrewbaker] 21/10/2008 12:18

Having been screwed with B&B and had one bad trade with HBOS, commodity, and sector, ETF seem like gold plated securities to me! You can play a trend without so much whiplash as there can be in some shares which are short-term tradable. It's not only ETFS who have had problems to sort: Proshares financial ETF were suspended recently and there's plenty saying they are high risk; but then, you can gain high too. Risk works both ways.

Anybody out there trade pairs, long and short? It can be profitable, but one problem can be the spread when switching horses. Comments anyone?

[nabcom] 12/10/2008 08:24

October 10, 2008 at 3:00 pm by Tom Lydon

ETF Securities also announced today that it will fully collateralize its Commodity Securities products, which suspended trading last month after the near-collapse of insurer American International Group (AIG). The collateralization should largely eliminate the credit risk inherent in the old structure, reports Index Universe ( )

[rsabatini] 07/10/2008 12:31

Yes NC I am just wondering where this is going. Any views ouy there ? Sab.

[nabcom] 07/10/2008 11:30

Just wondering how everyone is feeling about the AIG backed etfs now?

[bhoytrader] 30/9/2008 13:14

Spread on this is huge - locked in. At least it makes the hold decision for me!

[mart] 24/9/2008 11:13

SM64 now seems to be lagging this increase.

[juju43] 24/9/2008 08:46

almost back where we came from now . bush gave us a" get out of jail free "card

[juju43] 23/9/2008 20:47

aig is now an uncle sam company. they dont get any more secure than that

[cher price] 23/9/2008 20:44

Bangor - I suspect there will be many others like you who feel they are better off getting out now. If these behave like shares, the price will suffer accordingly. Hopefully for those continuing to hold, there will be a recovery when (if) confidence returns.

[bangor] 23/9/2008 11:13

After a nervous few days of thinking these could be worthless, now that they are tradeable I have taken the opportunity to sell all of mine. I could never trust an AIG product again.

I took a loss but blame myself as AIG's problems were public some time ago. Who knows what will happen if sentiment/legislation/conditions change again.

[jimcar] 23/9/2008 10:13

That the sterling euivalent of the $ price isn't it?

[coffeelito] 23/9/2008 09:14

I'm being quoted 391p bid to 399p offer by Selftrade online when i try to trade this ... ??!!

[nabcom] 23/9/2008 08:38

Commodity Securities and AIG – Further Update

22/09/08


All 113 ETCs backed by AIG now trading on the LSE


18 unaffected ETCs continue to trade normally on all 5 European Exchanges


ETCs continue to trade on 4 other European Exchanges

ETF Securities Limited ("ETF Securities") would like to update investors and all market participants regarding the Exchange Traded Commodities (ETCs) issued by ETFS Commodity Securities Limited ("ETFS Commodity Securities") and which are backed by matching contracts from AIG Financial Products Corp. and guaranteed by American International Group, Inc (collectively "AIG").

As at 4.00pm BST (UK time) Monday 22nd September, all ETCs backed by AIG had resumed trading on the London Stock Exchange (LSE).

AIG continues to honour all of its obligations under our agreements with them, including processing all creations and redemptions in the usual manner and paying all redemptions due on time.

ETF Securities will make further announcements in due course.

In the meantime trading and operations of all other ETCs administered by ETF Securities (including Oil Securities and Physical Metal Securities) continue unaffected and are trading normally on all five European Exchanges.

ETF Securities will continue to update investors and market participants via our website (www.etfsecurities.com) and via the Regulatory News Service (RNS) when necessary.

[nabcom] 19/9/2008 17:26

Commodity Securities and AIG – Update

19/09/08

[5benny] 19/9/2008 15:10

just seen this on moneyweek website.

[swordv] 19/9/2008 13:42

Leveraged ETF's are back trading again. Tehy currently have ~6% spread.

[danjerman] 19/9/2008 12:49

When I bought this, I really thought I was buying an index of the underlying commodities yet it has behaved like any equity with market sentiment whcih I thought wasn't possible. I guess I didn't research it enough but was very concerned (am very concerned) and don't seem to have bought what I thought I was buying.

Glad that liquidity will be returning to this shortly though.

Cheers
DM

[stretchmark2] 19/9/2008 12:38

Well yes, I quite agree sjtill.