Word: held
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Dates: during 2000-2009
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Just as in the case of crude oil, supply and demand do not paint the full picture. As of Aug. 24, the U.S. Natural Gas Fund, an exchange-traded fund listed as UNG on the NYSE, held about 10% of the contracts in the October 2009 futures market traded on NYMEX. Combine that position with its over-the-counter swap holdings, and UNG held the equivalent of more than 50% of the October contract's open interest. In following its plan to buy and hold natural gas, UNG keeps rolling its position into the next futures month. In other words...
Here was Ted Kennedy, 74-year-old son, brother, father, husband, Senator, living history, American legend. He was sitting on a wicker chair on the front porch of the seaside home that held so much of his life within its walls. He was wearing a dark blue blazer and a pale blue shirt. He was tieless and tanned on a spectacular October morning in 2006, and he was smiling too because he could see his boat, the Mya, anchored in Hyannis Port harbor, rocking gently in a warm breeze that held a hint of another summer just passed. Election...
...French raids - executed on information provided by Spain - came in the wake of the Aug. 19 arrest of three suspected ETA members at an Alpine ski resort. Aitzol Etxaburu Arteche, 30, Andoni Sarasola, 36, and Alberto Machain Beraza, 28, are now being held as French investigators assemble a case against them for belonging to an outlawed organization and suspected involvement in terrorist activity. Not only have these police coups struck a staggering blow to ETA's potential to carry out attacks, they also represent a symbolic slap in the face coming as they do less than a month after...
...been gapping up. His daughter Vanessa is getting married in October, and he has thrown himself rather dramatically into wedding-planning, in part because his ex-wife Julia Thorne, Vanessa's mother, died of cancer in 2006. (Walking back to his office from the Senate floor recently, Kerry held forth at length about the coming nuptials and his hopes of persuading his daughter to do a Red Sox bridal-party outing.) Kerry isn't utterly changed, of course. He retains the sometimes aloof bearing that made him a hard sell to some voters in 2004. He still likes to slip...
...with fine wine in France or Italy, the trick is to buy at source. If you're in the country from August to October, head for the Cape Winemakers Guild auction, www.capewinemakersguild.com, to be held this year on Oct. 3. Or try the Soweto Wine Festival, www.sowetowinefestival.co.za, on Sept. 4-5. If you're overseas, contact an exporter like Wine Cellar, www.winecellar.co.za, or Caroline's Fine Wine Cellar, carolineswine.com. Both assemble tailor-made consignments and ship to your door. The word this year is that the sauvignon blancs, always good, may be great enough to reconquer Europe all over again...