Nat Gas on a rocket?

[Mega]

http://jonathandaviswm.wordpress.com/
?
Mike

[rtchoke]

Re: Nat Gas on a rocket?

FYI

The United State Natural Gas Fund (UNG) has been one of the most popular ETFs in the past few years, as investors have been using this product to make a play on the volatile world of natural gas. But for all of its popularity UNG has gained a reputation as one of the most hated funds in the industry

http://commodityhq.com/2012/how-well...k-natural-gas/

http://jonathandaviswm.wordpress.com/
?
Mike

[lektrode]

Re: Nat Gas on a rocket?

natgas might be, but PROPANE just lifted-off the launch pad:

U.S. propane shortage hits millions during brutal freeze

Prices of the fuel, a liquefied petroleum gas, have rocketed to all-time highs in Midwestern states, distributors are rationing supplies, and some schools have shut due to a lack of the fuel during this year's second bout of Arctic weather.


On Friday, propane heading for the Midwest changed hands at $4.30 a gallon - more than double its price just last Friday - although it had traded even higher at close to $5 a gallon on Thursday.

imagine - we're supposedly SWIMMING in the stuff and what happens the first or 2nd UTTERLY/ABSOLUTELY PREDICTABLE cold snap?

same s__t diff season - you can bet (and i might) that we'll see the annual upstroke on gasoline prices happen earlier (again) this year = BIGGEST SCAM OF THE CENTURY - next to the one the dems pulled off in 2009 with their buddies the banksters there in lower manhattan.

but you can also COUNT ON the lamestream media to start hypin that its THE BIG/BAD OIL COMPANIES that are 'real problem'

and still kickin myself for selling my small position in UNG a couple years back - for year-end tax loss/offset, at about 6bux - had to be one of my dumber(est) moves

[Mega]

Re: Nat Gas on a rocket?

Stat cool L
I could have bought Vodaphone cheap 13 months ago.........AT&T is now looking to buy it.
Mike

[lektrode]

Re: Nat Gas on a rocket?

Stat cool L
I could have bought Vodaphone cheap 13 months ago.........AT&T is now looking to buy it.
Mike

eye hear that, mr mike - for my 50th (in 2008) my other1/2 bought me 1share of GE, have my name on the certificate, get a qtrly dividend check (for 19 or is it 21cents ;) and everything - the key thing being that once one is a shareholder, one gets to buy stock direct/not pay brokage fees - course that weekend i decided to start in on the fixup of my dump (house) and by time GE had krashed to 6bux, i was in hock to homedepot for more than 1/2 my savings - so never got round to signing up to buy more of the stock - but guess thats not all that bad, considering that they peaked sometime in 2000, and after the wipe-out after 11sep2001, noted that WOW, GE is only 24bux??? = whoa, duuude, cheap, eh? - then considering they didnt get much above that again til, what - 2007?

was just too bad eye didnt stumble upon the 'tulip in 2006 (when the RE types were telling me i could sell my dump fer 3x what i paid for it)

but its lookin like we might have another chance here perty quick - altho Mr J just yesterday said that....

I don't think this is a typical correction. I think this is different and unlike any event since I started this site 15 years ago.

I think that through the past two asset bubble booms and busts investors have been trained to wait for the next buying opportunity.

This time interest rates are zero, not 5%. Inflation is near zero, not 3% headed for 6% as in 2007. Total debt-to-GDP is approaching 5:1. Unemployment in California is still over 8%. Much of the economy is stuck in an output gap trap. The U.S and global markets were at all-time highs. China's and Russia's elites used the reflation to head for the hills with their cash, or islands in the Caribbean as the case may be.

I don't know, Finster. I wish I shared your optimism but I think the Fed may shortly be in full-on panic mode.

all i know at this point is that its '5oclock somewhere' and time to go observe some more climate change data ;)

[Mega]

Re: Nat Gas on a rocket?

Zerohedge are on the case:-
http://www.zerohedge.com/contributed...atans-disguise
&
http://www.zerohedge.com/contributed...ural-gas-soars
Looks like EJ & GRG55 were right.........
Mike