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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (6677)2/13/2002 8:06:39 AM
From: jim_p  Read Replies (4) | Respond to of 206325
 
So much gas, such warm weather, but why are cash prices at $2.30+ and $3 at NYC?"

Good question????

If the futures didn't already have record shorts, I'd be shorting the April/May contracts which are in the $2.37 range.

I suspect the futures are being held up by short covering, and cash prices are being held up by the future prices.

Still think we get down to the $1.50 range, but it will be hard with the record shorts.

Jim


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