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


To: geneve who wrote (94422)12/7/2007 4:38:26 PM
From: Archie Meeties  Respond to of 206326
 
The cold you're experiencing was priced in to NG about 2 weeks ago. The drop in price of in NG that began today is due to a forecasted warming trend and to lack of buying within the entire energy complex.

For the bulls, you'll have a decent buying opportunity in the next few months as NG will likely go under $6 spot.

Who knows, I might turn bullish too. It will depend on if we get a full retrace of crude to $60 or so. At that level the oil sands stuff might start trading at some truly deep discounts.

Energy - its a cycle, have to learn to ride it!