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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (73764)	10/24/2006 8:44:54 AM
From: Ed Ajootian	Read Replies (1) of 206202

que, FWIW, sangarca on IV is calling for a $6 - $6.15 close this Friday. If we really do get something like a 25 BCF fill this week with expectations of a minimal fill next week, it would seem unlikely that the contract will close that low. The spread between cash natty and the near-month futures price has undergone one of the greatest turnarounds in history over the last few weeks. Cash was trading > $2 lower than futures a few weeks ago and as of yesterday, it closed about $.20 higher. Not sure what this all means, or even whether its bullish or bearish. Any thoughts?

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