Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (22575)	9/4/2009 3:31:44 PM
From: zamboz	1 Recommendation Respond to of 71479

From Jesse's blog. Peter Schiff on surge in gold. jessescrossroadscafe.blogspot.com

To: ggersh who wrote (22575)	9/4/2009 4:49:31 PM
From: RockyBalboa	2 Recommendations Read Replies (3) \| Respond to of 71479

After hitting yet another low, Natgas staged an impressive 10% comeback. Moved from 2.4 to 2.75, after yesterday someone bought thousands of contracts at 2.50. Bottom might be in, that kind of turnover I wanted to see. When it today traded past 2.50 a different kind of music was playing, while still all the news are full of horror stories about spot gas falling to $1. Way too negative. The now premiumless UNG might be a good buy again, it took several strong down days to heat the premium out of the paper, still, GAZ outperformed by a cool 3% to move 9% up. Little time to post during the day, stuff like AIG required full attention as it rallied past two fib lines. 39 no match, 40 no hurdle, 42 still on the gas, but it decisively turned today at 44, just missed drawing a bearish engulfer. With 39 I can live since I sold at 38 from a good position.