Big Dog's Boom Boom Room (Moderated) Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room (Moderated)

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To: XoFruitCake who wrote (11)	4/18/2005 8:26:26 AM
From: jim_p	Read Replies (1) of 89

Both oil and NG future prices are very high, but the back months are now lower than the forward months. As a rule, the market is still bullish when the back months are higher. Take a look at Fridays December contract of each of the next five years: 12/05 $53.17 12/06 $50.96 12/07 $49.04 12/08 $47.67 12/09 $46.77 12/10 $46.12 The same is now true for NG: 12/05 $8.00 12/06 $7.65 12/07 $7.12 12/08 $6.65 12/09 $6.31 12/10 $6.00 It was only a few weeks ago when just the opposite was true. LT the bulls story is intact. My only concern is how low do we go before the next bull market in oils?? If valuations were cheep I could buy the argument of buying a holding for the long term, but they aren't. Jim PS: Futures prices tend to lag the trend

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