I’ve been looking at UNG (united states natural gas etf). There is lots of talk about how the net asset value (nav) has premium, and there is lots of contango within the stock.

Can someone explain how these three things work together. I understand that having alot of contango means that there is alot of supply on the market. I can see from the nymex reports that there is alot of supply on the market. But i don’t understand why contango will effect the etf if the spot price goes up.

I may be trying to play with securities i don’t full grasp, and that’s ok. I’m just paper trading this etf right now as a learning tool. But some additional help would be very helpful.

I know this isn’t the brightest question perhaps(so…pls. save the jokes ), but I will be glad to hear your own experience in the area.

I am asking, because so far I contacted about 100 venture capital companies(phone/e-mail/fax) to promise them an investment model generating about 20 times(2000%) per year and the stupid bastards think I am joking. The answers I got were like: "Sorry, we have frozen our investment plans for a while", "Your industry of interest doesn’t meet our goals" - or usually via fax/e-mail just no answer at all. I even found e-mail of Ed Thorp to explain a few things, but totally quiet from there too. Now, I have 1-2 last hopes, which I am checking right now - wish me luck .
I know that the "right" way will be to get my degree and then land a job in bank - BUT I have my fears that until I become a trader this way, I will have to work in back office or some position 1-2 years and as well, the bank managers will push me to execute deals that will no guarantee profit. I am afraid that I won’t be able to use my models 100% on my own. And this is what I want here. After all - my models are NOT associated with economical risk - so I deserve complete freedom there. You are probably wondering now, since someone can earn 20 times yearly - then someone on the other side must lose big? You bet your *** that this is true . But those who lose in my model are the common people and country banks - which totally doesn’t bother me. From what I read so far, being a trader you have not one, but 2 goals : 1. Making money at any price. 2. Forcing many others to lose money. I have found a brilliant way to accomplish both - but once again: most people think I am joking when I speak of hundreds of times guaranteed profit. And of course…it is legal. Also, another problem is perhaps the fact that I am not an American, even worse(sort of), I am from Eastern Europe and since most Americans are biased towards scammers from that region - when they hear of someone from Eastern Europe, promising 200 times return - all they think of is: "advanced fee scam". But…I am not asking for any money in advance. I proposed to the capital funds to open letter of credit on my name via bank of their choice. Once the letter of credit is opened - I will show them the know how + trade via demo software + trade at later stage their own money. Once the profits exceed a certain level - THEN they are going to release the letter of credit, which of course will be on amount smaller than the profits realized so far. The only point that bothers me is the fact - then I don’t want to release the know-how just like that to the sharks. After all, those poor bastards Scholes and Merton lost big and they never released their complete investment strategy - just the formula and what’s known from SEC. I also re-read the rules of SEC, NASD, Nymex/Globex, LSE, ASX to see if my model would be legal or not limited somehow. So far I have found only a few not directly related limitations, which won’t stop me at all.

Anyway…any advice in your own experience on the subject is highly appreciated.

Thanks

I have noticed that when I go to like CNBC.com or Marketwatch.com, when watching the gasoline stocks (or whatever they’re called since they’re commodities), even though the New York Stock Exchange closes at 4:00PM EST, crude oil will continue to trade. What are the trading hours for gasoline, which comes from the Light Sweet Crude oil? I know on CNBC.com, it is just headlined "OIL" and I am almost positive it is the same way on Marketwatch.com, although I am not going to go right now and look. But, what are the trading hours of the basic source of petroleum or gasoline, what I can go down to the gas station and pump my car full of? In conclusion, one more question. What is the ticker symbol? I ask this because, with my AT&T U-Verse, I can place stocks as my preferred to watch on my U-Bar and this is one of them! Thanks for your help!

Presumably it will eventually replace the Dollar as the reserve currency for the North Atlantic’s Alliance, maybe for the first time opposing other currencies in worldwide trade particularly of oil. Then for instance will the Amero continue to be redeemable only through NYMEX and IPE? Will dollars become worthless in due course? If so what happens to our holdings, i.e will the amount we owe America and the rest of the world counter balance the amount we are owed and vise versa so it’s no problem?
search The Hal Turner Show.

I know this isn’t the brightest question perhaps(so…pls. save the jokes ), but I will be glad to hear your own experience in the area.

I am asking, because so far I contacted about 100 venture capital companies(phone/e-mail/fax) to promise them an investment model generating about 20 times(2000%) per year and the stupid bastards think I am joking. The answers I got were like: "Sorry, we have frozen our investment plans for a while", "Your industry of interest doesn’t meet our goals" - or usually via fax/e-mail just no answer at all. I even found e-mail of Ed Thorp to explain a few things, but totally quiet from there too. Now, I have 1-2 last hopes, which I am checking right now - wish me luck .
I know that the "right" way will be to get my degree and then land a job in bank - BUT I have my fears that until I become a trader this way, I will have to work in back office or some position 1-2 years and as well, the bank managers will push me to execute deals that will no guarantee profit. I am afraid that I won’t be able to use my models 100% on my own. And this is what I want here. After all - my models are NOT associated with economical risk - so I deserve complete freedom there. You are probably wondering now, since someone can earn 20 times yearly - then someone on the other side must lose big? You bet your ass that this is true . But those who lose in my model are the common people and country banks - which totally doesn’t bother me. From what I read so far, being a trader you have not one, but 2 goals : 1. Making money at any price. 2. Forcing many others to lose money. I have found a brilliant way to accomplish both - but once again: most people think I am joking when I speak of hundreds of times guaranteed profit. And of course…it is legal. Also, another problem is perhaps the fact that I am not an American, even worse(sort of), I am from Eastern Europe and since most Americans are biased towards scammers from that region - when they hear of someone from Eastern Europe, promising 200 times return - all they think of is: "advanced fee scam". But…I am not asking for any money in advance. I proposed to the capital funds to open letter of credit on my name via bank of their choice. Once the letter of credit is opened - I will show them the know how + trade via demo software + trade at later stage their own money. Once the profits exceed a certain level - THEN they are going to release the letter of credit, which of course will be on amount smaller than the profits realized so far. The only point that bothers me is the fact - then I don’t want to release the know-how just like that to the sharks. After all, those poor bastards Scholes and Merton lost big and they never released their complete investment strategy - just the formula and what’s known from SEC. I also re-read the rules of SEC, NASD, Nymex/Globex, LSE, ASX to see if my model would be legal or not limited somehow. So far I have found only a few not directly related limitations, which won’t stop me at all.

Anyway…any advice in your own experience on the subject is highly appreciated.

Thanks

I have done my Masters in International Business at PSG, Coimbatore, India - specialised in Finance and logistics. Basic Qualification: BSc maths not B.com

I started my career as financial analyst in a sub broker office at chennai - dealt with International commodity market (CBOT, NYMEX) for 2 years. Then I moved to manufacturing company - manufacturer of Activated carbon as commercial executive, dealt with US and China market - worked for 1.5 years. Currently I am in Auto component manufacturer co. as commercial officer. They have changed my profile and more often i deals with suppliers for price negotiation.

I love trade finance- Supply chain mgmt. I do not know how to move further in my career. End of the day, now I am mix of varieties. but no specific profile. How I have to rpesent myself and what should be my target. Friends says ERP helps me.

Iwould like to know more about futures. I read the specs on the Gasoline contract at this web site >> (www.nymex.com/QU1_spec.aspx) and am still confused about the price of a future If NYMEX miNY Gasoline Futures closed today at .86 How much money would I need to trade one contract? What are the limitations on margin? Do futures in general (including Gas futures) depreciate in value as they get closer to the settlement date?

Can you trade futures as an asset and just take physical delivery of your product, sit on it, then sell it for more in the future?

For instance. Lets say copper prices will rise by 2015. As such, I buy (1) Contract of Copper and request delivery of it. I then stick my copper delivery in a warehouse for safe keeping. Then in 2015 when prices have sky rocketed, I then sell that copper on the NYMEX through a broker, just like a copper mining company might.

Does this sound plausible? The reason I ask, is because I am dead-set against the idea of buying futures contracts on margin which might cost you money if they decline in value or the contact expires.

Durbin got a huge donation when he got approval for the Chicago Merchantile Exhanchange to buy the NYMEX exchange. That was a "victory" for the city of Chicago and its economy.

A few months ago, Durbin said that the CFTC (Commodities & Futures Trading Commission) was doing a great job of protecting America.

Now the Dems have put him in charge of investigating the "speculation" in oil.

This means that Durbin will PROTECT the US exchanges, the jobs in Chicago, and his friends who gave him big donations.

Durbin is "forcing" the CFTC to hire 100 more people to investigate "oil speculation." Well, the Republicans GLADLY took his lead in doing this — which will do absolutely nothing. The Republicans put Durbin's request for 100 more investigators in their own bills. They agree with him. They WANT those people hired because Durbin will make sure that his friends at the commodities exchanges are protected and NOTHING will happen other than to allow Dems to say "we're serious."
Yep, Dick Durbin is the DEMOCRAT senator from Illinois. Illinois has the major futures exchanges. LOL
Oh… Durbin is top notch Dem. He's the majority Whip!
Durbin has refused to allow his fellow Dems to raise margin requirements to "fight speculation" in oil trading. LOL
Would it be funny to see the Dem get rid of all of the trading jobs in Chicago and send the city into a major depression as the jobs go overseas to Arab countries?

Well, he is way to smart for that. He'll protect those jobs and that industry, which gives him huge donations.