SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: tradingfaster1236/2/2009 7:01:52 PM
1 Recommendation   of 206340
 
Less than a month ago I wrote on this board, "The UNG's net assets have doubled in one month from 750 million at the end of March to over $1.5Billion today."

That's $2.6 billion today. In my opinion, yesterday's rally was largely driven by flows into the fund, with assets increasing $450 million in just that day alone. As we saw with the previous run up ($3.15 to $4.57) these UNG-fueled rallies can be wiped out on one negative inventory report, considering the physical market is still very saturated with gas, and thus concerns remain about full storage/congestion pricing.

However, I still think the market is tightening quite fast and within months the physicals will perk up. Once that happens, if the financial demand remains strong (where UNG assets keep growing, creating new ETF shares) and oil remains strong, there's no telling how high natural gas can go in a short amount of time.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News