ur2smrt4me

Tuesday Outlook: Commodities, Global Markets

dept of agriculture has people in every state because there are rodents in every restaurant... someone has to go out and count the droppings

you think I'm joking but I'm not -- that's seriously what they do (among other things)

the ones in D.C. keep busy writing regulations

Natural Gas: The Next Big Thing

UNG is based on natural gas futures *and swaps*

"In the UNG’s case, however, the growth has been so large that in order to avoid a regulatory clampdown on its futures positions the fund managers have been forced into the world of over-the-counter swaps. Accordingly, the fund’s swap positions are now 2.6 times larger than its future ones."

see the original article for more details:

ftalphaville.ft.com/bl.../

disclosure -- long UNG (this may change very soon)