Replies to post #413 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[Rock_nj]

I am happy about that, and it's working out great for those who got into DGAZ over the past few days. However, I am a bit upset that DGAZ can't even track its intrinsic value properly. I am fine with DGAZ losing value due to rollover into new futures contracts, as that is part of the way these ETFs trade. But, the lack of tracking the intrinsic value is a problem. A few percentage here and there lost to this lack of proper tracking, adds up to a big difference in a DGAZ trade. I guess that's just the way it is with these 3X ETFs.

First injection of the 2014 restocking season is anticipated the 3rd week of March per Powerburn. I expect nat gas to find a bottom and try to rally before the warmer weather and injections get started in the 2nd half of March, and really put downward pressure on nat gas futures in the spring shoulder season.