A Nat-Gas Fund Gets Squeezed

The iPath Dow Jones UBS Natural Gas  (GAZ) is currently out of control, to say the least. Shares are now trading at a 100% premium to the indicative intrinsic value (IIV), which sits around $3.08 while shares trade around $6.20.

There are no shares to short, nor can iPath create any new shares, so a squeeze has been created over the past few days. Even as natural gas is falling in price, GAZ is rocketing up 27% today. Good thing we never see any manipulation on Wall Street. For those looking for exposure to natural gas, anything, including a can of beans, should be better than buying GAZ right here right now....97 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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