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Strategies & Market Trends : The coming US dollar crisis
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To: carranza2 who wrote (25237)12/5/2009 6:07:44 AM
From: Real Man  Read Replies (1) of 71456
 
I am still looking at NG trade, despite his eternal
glut theory and siding with Slider, possibly this coming
week. -g-

Everything has its time and price, and NG spot was ABOVE
January contract this week, while contango in near months was
drastically reduced. This could finally be good news for UNG,
as storage costs drop and someone takes advantage of the
contango situation. Net injections just means that - someone IS
taking advantage of free profits in Natural gas.

Wait, this IS good news for UNG. It will finally be tracking
gas. Of course, that does not mean gas will soar, but the
cost of waiting is getting drastically cut right this moment.
There is little contango left in near months, and supercontango
in NG (which killed UNG) has been eliminated.

There is little evidence so far production glut is abating,
but the data is kinda old (September), and it should happen
sharply.
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