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


To: Dennis Roth who wrote (89215)8/14/2007 6:51:24 PM
From: Dennis Roth  Read Replies (1) | Respond to of 206160
 
DJ UPDATE: US GAS: Futures Finish Higher On Storm Fears
(Table of Settlement and Cash prices at link)
futuresource.quote.com

"I think the fact that the market is rallying and falling on a storm
(located) in the middle of the Atlantic is unprecedented," said Sanchez. "It's
absurd. It's not even near anything yet."

Hurricane forecasters at the NHC are not in agreement with the GFS model that
sent traders running to buy back contracts. They see the storm moving over
Puerto Rico within four to five days, but will not predict its path beyond
that.


BLOOMBERG: Nymex Natural Gas Advances as Tropical Storm Forms in Atlantic
bloomberg.com

Computer models later in the day suggested the storm could hit Houston, a major shipping, pipeline, and refining center, according to Weather Derivatives forecaster David Salmon. Salmon stressed it's too early to predict the path of the storm.

``Before it is all over, it could be Bangor, Maine, or Cozumel, Mexico,'' Salmon said in a note today...

... Price advances today are driven by speculators and have virtually no basis in fundamentals, according to David Gruber, president of Energy Management Solutions in Mason, Michigan, a fuel manager for institutional and industrial users.

``Truthfully, when it all shakes out coming into the fall, when you look at the storage as it currently exists compared to history, it's going to be a race to see who the next Amaranth is,'' Gruber said.


----

National Hurricane Center's projected path for Tropical Storm DEAN
nhc.noaa.gov

An Air Force Reserve Unit reconnaissance aircraft checked out the system currently called 91L this afternoon. It's not yet a Tropical Cyclone. Its headed towards south Texas as these plots show sfwmd.gov
It should at minimum bring more rain to Texas.

-----

The Heat Wave, it's still hanging on in the SouthEast.

wxmaps.org
cpc.ncep.noaa.gov
cpc.ncep.noaa.gov



To: Dennis Roth who wrote (89215)8/24/2007 6:36:08 PM
From: Dennis Roth  Read Replies (1) | Respond to of 206160
 
Bloomberg: Nymex Natural Gas Declines on Lower Demand, Record Storage
bloomberg.com

Reuters: U.S. spot natural gas prices lost ground
for the fifth straight day on Friday, as concerns about record high inventories and moderating weather forecasts for next week pressured prices
investorvillage.com

DJ CFTC: Gas Speculators Reduce Short Positions, Add Some Length
futuresource.quote.com

===

No new storms this weekend.
nhc.noaa.gov

TROPICAL WEATHER OUTLOOK
NWS TPC/NATIONAL HURRICANE CENTER MIAMI FL
530 PM EDT FRI AUG 24 2007

FOR THE NORTH ATLANTIC...CARIBBEAN SEA AND THE GULF OF MEXICO...

TROPICAL CYCLONE FORMATION IS NOT EXPECTED DURING THE NEXT 48 HOURS.

FORECASTER AVILA

====

More heat next week.
wxmaps.org

But it's gone in the East after that.
cpc.ncep.noaa.gov
cpc.ncep.noaa.gov

Month to date it's been hot in the heartland.
cpc.ncep.noaa.gov

It's too late for heat to matter much now.