Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[wz9ytp]

I bought big chunks of D at 3.71 and at 3.51, avg 3.61 as it stands. Very happy with that.

Recent events lead me to believe that NG price might go up, 3.50 -3.60...who knows, I haven't done the analysis and, quite frankly, I don't care. I'm very comfortable with my purchase and I have plenty of powder from gold plays and a couple of OTC tickers that I might avg down if given the chance.

We are now trading March futures. The end of January is going to be scorching - record breaking hot. Spring is nearly upon us and 60% of winter is behind us now. Bias for NG price is down.

Given the futures curve, there is very little contango to worry about, I don't mind holding longer than my planned 2-3 weeks. I'm waiting for $3.10 NG, possibly a close of that gap in the $2.90's. It will get there eventually....

Cheers!