The GAZ Premium Primer

With all the press about the VelocityShares Daily 2x VIX Short-Term ETN (TVIX) we've seen, why is iPath Dow Jones UBS Natural Gas (GAZ) such a hard nut to crack?

I mean, why hasn't GAZ fallen back to Earth the same as TVIX?  There's plenty of press on GAZ now highlighting the extreme premium shares trade at vs. their intrinsic value. As of the close yesterday, GAZ shares sat at a premium that was basically double the intrinsic value. In other words, GAZ could be cut in half overnight and it would merely move in line with the underlying value. Sure, TVIX still trades at a premium, but it is nothing close to GAZ at the moment. Why?...774 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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