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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (123822)8/31/2009 6:01:03 PM
From: Ed Ajootian   of 206254
 
You're welcome Tom, the next 8 weeks or so should be very interesting if nothing else. Henry Hub spot prices maintained their downward spiral today, to $2.41. With the October contract selling at such a high premium to the spot, ($.57 or about 24%), storage operators remain strongly incentivized to keep trying to cram more gas into storage. It will be interesting to see in which direction this difference between spot and the near-month futures resolves itself (i.e., spot going up or futures coming down).
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