UBS Launches Inverse MLP ETN

Source: Seeking Alpha, Michael Johnston (9/29/10)

"Most inverse ETFs available to U.S. investors reset exposure daily."

UBS rolled out the latest addition to its rapidly expanding suite of MLP products on Wednesday, launching the E-TRACS 1x Monthly Short Alerian MLP Infrastructure Total Return ETN (MLPS). The new exchange traded note is designed to provide short exposure to the MLP Infrastructure market by tracking the inverse performance of the Alerian MLP Infrastructure Total Return Index, a benchmark that consists of approximately 25 MLP firms. As the name of the fund suggests, MLPS will reset exposure on a monthly basis; the majority of inverse ETFs available to U.S. investors reset exposure daily.

The index to which MLPS will be linked is already used by two existing MLP products, including the E-TRACS Alerian MLP Infrastructure ETN (MLPI) and the recently launched ALPS Alerian MLP ETF (AMLP). The new inverse ETN will be the fourth MLP product from UBS, joining MLPI, the Alerian Natural Gas MLP (MLPG) and 2x Monthly Leveraged Long Alerian MLP Infrastructure (MLPL).

The development of the ETF industry has resulted in a surge of interest in a corner of the domestic energy market that was often overlooked by investors. MLPs generally own and operate assets used in the transport of energy commodities throughout the U.S., such as oil and gas pipelines. The revenues of these entities depend on demand for oil and gas, which tends to exhibit less volatility than energy commodity prices. As such, and because they are treated as pass-through entities for tax purposes, MLPs in the energy infrastructure industry have, historically, delivered impressive distributions on a consistent basis. With interest rates hovering near record lows, and expected to remain there for the foreseeable future, investors have had to get creative in their hunt for current returns. For many, that search has led to MLPs, where yields can approach 7%.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

(00/00/0000)