Schiff Appears Today At Inside Commodities

By
October 10, 2012
Share:

Related ETFs

Ticker Fund name
DBCPowerShares DB Commodity Tracking
USOUnited States Oil
Related ETF Lists
Commodity ETFs, Oil ETFs

Schiff to bring his heated critique of the Fed to Inside Commodities conference.

Peter Schiff, the ardent critic of the Federal Reserve and its easy-money policies, appears today at IndexUniverse’s Inside Commodities conference in a panel on precious metals to discuss how the Fed’s latest round of quantitative easing is affecting gold prices.

In addition to Schiff, the head of Euro Pacific Capital, other luminaries in the world of commodities investing are set to appear at the event, with Geert Rouwenhorst, the Yale finance professor and brains behind the SummerHaven commodity indexes, set to deliver a keynote address at lunch. Rouwenhorst’s academic work helped validate the idea of commodities as a distinct asset class.

Another important figures in the world of commodities who is participating is Dennis Gartman, the macro trader and editor of “The Gartman Letter.” Gartman took part in a panel examining the outlook for commodities in 2013 and beyond, and argued, among other things, that while it's sensible to buy gold right now, concerns surrounding the Fed's ultra-loose monetary policy are overblown and that he's definitely not a gold bug.

IndexUniverse’s fifth annual Inside Commodities conference is taking place when the world of commodities investing finds itself at a critical juncture. On the one hand, China’s growth is easing, putting a damper on demand for sundry materials. On the other hand, the Fed’s third round of quantitative easing is fueling renewed concern about inflation and a new rally in gold prices.

While some investors aren’t yet fully on board with the idea that futures-based commodities investing is for real and merits a place in their portfolios, it’s clear that the idea is catching on since Rouwenhorst and Yale colleague Gary Gorton published their seminal work, Facts and Fantasies about Commodity Futures, in 2005.

The success of certain ETFs speaks to a changing mindset.

The broad futures-based PowerShares DB Commodity Tracking Fund (NYSEArca: DBC), for example, has gathered $6.67 billion in assets since its launch in February 2006, and the United States Oil Fund (NYSEArca: USO) has pulled in $1.23 billion since it came to market in April 2006.

“Inside Commodities: Long-Term Growth, Immediate Opportunities” is a one-day event being held at the Ritz-Carlton in Chicago.

 

ETF.COM CHANNELS

Want to learn more about smart-beta ETFs? Check out our smart-beta guide, essentials library and ETF screener!

ETF DAILY DATA

Core U.S. equity ETF 'VUSE' saw its total AUM jump nearly 30 percent Wednesday, July 29. Investors poured fresh assets into U.S. equity and bond funds alike on the day, bringing total U.S.-listed ETF assets to $2.141 trillion.

'IWM' and a handful of other iShares ETFs paced the firm's issuer-leading asset gains on Wednesday, July 29, as total U.S.-listed ETF assets rose to $2.141 trillion.

ETF.COM ANALYST BLOGS

By Paul Britt

Toss and turn about whether to hedge currency risk, but don’t lose sleep over the derivatives themselves.

By Dave Nadig

With the China A-share market half-broken, ETF investors should be very, very cautious.

By Drew Voros

Price depreciation and continued outflows have made for a tough few years.

By Dave Nadig

Legendary investor trips over how ETFs work.

ETF INDUSTRY PERSPECTIVE

By Invesco PowerShares

A more in-depth look at the smart-beta survey's results.

By Invesco PowerShares

Smart beta appears to be poised for further growth.