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Natural gas has been on a nice ride since Spring, but while UNG has tracked front-month gas...

Natural gas has been on a nice ride since Spring, but while UNG has tracked front-month gas futures higher, GAZ has actually lost money. The issue: GAZ is an ETN closed to new creations since 2009, and its premium to NAV has fallen from 95% to 15%. If you're holding GAZ, you're betting on its premium, not natural gas prices.
Comments (1)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Don't trade these products - get a futures account. The only upside has been to short them for their downside deficits.
    30 Jul 2012, 05:06 PM Reply Like
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