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

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To: Ed Ajootian who wrote (92958)	11/2/2007 6:47:14 AM
From: Dennis Roth	Read Replies (3) of 206323

>> It feels like I'm with Alice in Wonderland,<< Wonderland is right. With storage levels at an all time high, breaking the record that stood for 17 years, and higher than last year, while domestic production is also higher than last year, the futures market defies gravity like Wile E. Coyote when he runs off the edge of the cliff and remains suspended in mid-air until he looks down and realizes his situation. The speculators driving the futures market don't want to take delivery of the gas represented by their contracts and with storage brimming the LDC's are in no hurry to buy it off them, not at these prices. IMO the specs are in for a Gravity Lesson.

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