iPath DJ-UBS Natural Gas TR Sub-Idx (GAZ)

[flemsnopes]

I actually enjoyed our aggressive banter, but it makes the IH administrators nervous. Your points are well taken, and I certainly respect your factual warnings about this very important NAV issue with GAZ. Unfortunately, or fortunately depending on your perspective, highly speculative investments frequently follow an irrational path - up or down. I have little doubt you're sincere in presenting the facts about GAZ, but the NAV issue has been known for some time, and GAZ has still performed well over the last few months. Honestly, I'm as mystified as you, but the uptrend is a fact as much as any other, and while I acknowledge it may crash and burn at any moment, I can't help wondering why GAZ holds up in the face of such well known negative information. Perhaps it is nothing more than investor gullibility, but I'm not ready to accept that as a full and complete explanation at this point.