Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

NG (nov)$2.339 +.06+2.6% is at the 50ma Dec $2.529 +.03+1.24% UGAZ $14.22 +.50+3.7% Contango is .19 down from .24 on Monday Nov contract continues to climb faster than Dec by mid next week Contango could be much smaller. UGAZ holders are paying for the Contango as the spread gets smaller(Nov climbing faster than Dec). .24 Contango is about $4 in gains UGAZ won't see. Contango is like having to take a big dump but you can't for whatever the reason. NG is crapping out little Contango turds right now. Once the contract unwinds the big Contango dump will be done and UGAZ will be able to run hard again.