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Commodity Trading Discussion Forum

Re: U.S.$ ETF:UUP/Big Spike up late today

Posted By: mikeyg
Date: Thursday, 5 November 2009, at 6:17 p.m.

In Response To: U.S.$ ETF:UUP/Big Spike up late today *PIC* (Trades)

"The PowerShares DB US Dollar Index Bullish Fund ran out of shares and trading of the security was halted for about 45 minutes amid increased bets that the currency will rebound.

The exchange-traded fund that’s managed by Deutsche Bank AG and distributed by Invesco PowerShares Capital Management LLC had 6.6 million authorized units as of the close of trading Nov. 3, according to a filing with the U.S. Securities and Exchange Commission today. Its owners are seeking permission from the SEC, Financial Industry Regulatory Authority and National Futures Association to register another 100 million."

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8Cv9R8UXfMk&pos=6

http://www.zerohedge.com/article/uup-halted

Lots of people talking about something fishy going on...I guess a crap load of 23 novie calls were bought the last week.

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