We're counting down the best of the best, with songs by Lady Gaga, Eminem and more!
Photo: Jason Merritt/ Getty Images
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The U.S. Natural Gas Fund, the largest exchange-traded fund in the fuel, closed at a discount of 0.5 percent on Dec. 3, according to figures on the fund’s website. A discount means that the closing price of the shares is lower than the value of its underlying holdings in the fuel.
Natural gas for January delivery rose 0.6 cents, or 0.1 percent, to $4.349 per million British thermal units on the New York Mercantile Exchange on Dec. 3.
================================================================================ Dec. 3 Dec. 2 Dec. 1 Nov. 30 Nov. 29 2010 2010 2010 2010 2010 ================================================================================ -----------------------Per Share----------------------- Premium/discount -0.50% -0.34% 0.51% 0.70% 0.35% Net Asset Value $5.97 $5.97 $5.86 $5.74 $5.78 Closing price $5.94 $5.95 $5.89 $5.78 $5.80 ----------------Quantity of Fund Holdings-------------- NYMEX NG Jan. 2011 18,498 18,182 18,182 17,508 17,508 NYMEX NN Jan. 2011 22,520 22,520 22,520 22,520 22,520 ICE LOT Swap Jan. 2011 55,915 55,915 55,915 55,915 55,915 ---------------Market Value (Millions)------------------ Total return swaps $1,083.9 $1,082.5 $1,064.0 $1,041.8 $1,049.3 ================================================================================
NOTE: To sidestep position limits imposed by the Commodity Futures Trading Commission, the fund buys bilateral, over-the-counter swaps that are not subject to exchange limits. These swaps are fully collateralized with investment grade counterparties.
The fund aims to track the price of natural gas delivered at Henry Hub in Erath, Louisiana, the delivery point for the future traded on the New York Mercantile Exchange. The ETF buys the near-month contract, then rolls forward by selling it before expiration and buying the following month.
SOURCE: United States Natural Gas Fund
To contact the reporter on this story: Daniel Petrie in Sydney at dpetrie5@bloomberg.net
To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net
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Producer talks to Mixtape Daily about Eminem-featuring Detox track.
By Jayson Rodriguez, with reporting by Steven Roberts
Alex Da Kid
Photo: Gabriel Bouys/AFP/Getty Images
Behind the Beats: Alex Da Kid
At this rate, Alex Da Kid might want to consider changing his name to Alexander Da Great pretty soon.
The British beatsmith was nominated for five Grammys this week for his work on B.o.B's blockbuster hit "Airplanes" and Eminem's chart-topper "Love the Way You Lie." He also produced Nicki Minaj's "Massive Attack."
While he only has a few placements under his belt, the producer has a knack for knocking what he does do out of the park.
His next big single comes courtesy of his work with Dr. Dre.
The veteran hip-hop producer invited Alex Da Kid to work with him on a track for his forthcoming Detox project, "I Need a Doctor" featuring Eminem.
"That was amazing," ADK told Mixtape Daily about the experience. "He's one of my favorite producers of all time. Everybody knows how much of a perfectionist he is: He's been working on his album for 11 years. For him to bring me in, trust me, not micro-manage me, and let me bring what I do to the table, I can't even describe how that makes me feel."
The song recently arrived online, and on the number, Eminem attempts to turn the tables on his mentor. The MC credited Dre with being one of the people to help him out of his funk the past few years, so on "I Need a Doctor," Em looks to repay the producer.
"It hurts when I see you struggle/ You come to me with ideas/ You say they're pieces, so I'm puzzled," Eminem raps on the track. " 'Cause the sh-- I hear is crazy/ But you're either getting lazy/ Or don't believe in you no more/ Seem like your own opinion is not one you can form/ Can't make a decision/ You keep questioning yourself, second guessing/ It's almost like you're begging for my help/ Like I'm your leader; you're supposed to be my mentor/ I can endure no more/ Don't you remember who you are?"
"I think it's gonna be huge," Alex Da Kid said. "It's just my opinion, but it's one of my favorite songs that I did and just what it means for hip-hop."
Next Wave of Flav
On T.I.'s "Castle Walls": "I feel like they both relate to the song: Both T.I. and Christina Aguilera are on a comeback, and they could really relate to the message on the hook. And they're both iconic, to me, so you can never count an icon out."
On Diddy-Dirty Money's "Coming Home": "That's the most-added at radio over the last three weeks, which is cool."
On Rihanna's "Love the Way You Lie (Part II)": "That may be a single soon."
For other artists featured in Mixtape Daily, check out .
What's your favorite Alex Da Kid-produced track? Tell us in the comments below!
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