Saturday, September 19, 2009

Tears gas

We already knew of real gas, ideal gas, perfect gas, and Boyle's Law. Noble gases. And a few others. Stomach gas too. We learned a lot recently, on a less fortuitous note, about natural gas (natgas in the lingo of experts burned by it).

Extra-strength gas reliefIn physics, a gas is a state of matter that consists of a collection of particles, without a definite shape or volume, that are in more or less random motion. So too in investments, it seems.

This week finally provided some relief, and the opportunity to dump some HNU, which when held in the wrong trend, at the wrong time, or for too long vaporizes through fissures such as daily rebalancing, contango, and the rollover of futures contacts.

HNU.TO July-Sept 2009No laughing gas this one. Not particularly natural either. We understand so much better now why that rotting cabbage smell...

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