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

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To: Dennis Roth who wrote (121097)5/28/2009 10:39:52 AM
From: tradingfaster1232 Recommendations  Read Replies (1) of 206114
 
Some bullish revisions were in this report:

The last few reports were before the revision:

106
103
95
95

and are now:

106
102
94
88

Overall, the data indicates a market that is rapidly tightening and only 1-1.5bcfpd oversupplied (down from 5bcfpd in the winter), though I don't think natgas is going to move up significantly until the summer when I think an undersupplied market will become evident. Believe it or not, the injections this year have been a bit less than even a recent year, 2007 (albeit 2007 was also marginally oversupplied). The same week in 2007 had an injection of 107. Prices were above $7. Different circumstances for sure, but all evidence points to fundamentals swinging the other way. JMHO FWIW
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