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So, industrial production must be spiking
+1. Nat gas is a "tell" that the economy is on shaky ground.
Somehow "gas, bitchez!" doesn't seem right here.
Well, what's new? Anything with any real value to it, anything which represents physical wealth is being sold off relentlessly anyway...nat gas must be the most over-hyped, manipulated market out there. Wish I had known it was to be a multi-year "investment" when I bought it...
Nat gas has moved down over the past 2 years. It does occasionally rally but it is unclear why except as a short-squeeze, we-ran-out-of-ideas last alternative (that's how we play it any way). It really isn't news that it moves down 5%. It would be big news if it moved up 5% though.
stuff is cheap, speculators got fucked. not a bad deal.
NG is cheap because you will soon be able to burn ocean water in any two-cycle engine.
Thanks for the clip. This is all very sad.
Negative P&L for one guy of the future trade is a positive P&L for the guy on the other side. Zero sum game.
... except for the short who actually delivers product, making a marginal profit on the transaction. That turns it in to a "negligible sum" game.
Collapsing demand for nat gas? Or spiking supply?
Now that businesses have completed their inventory restocking, perhaps some of both. Either way, nat gas prices are tumbling! At least there is one form of relatively cheap energy!
The "spiking supply" explanation is doubtful. Drilling for NG collapsed 18 months ago. The average productive lifespan of these wells is about three years, so without new wells coming online regularly, the supply should be contracting by now.
Expect some British fund to blow up soon.
plenty of gas all around..
no wonder the price dropped..
Stockpiling on the imminent conflict in Iran, who has the world's second largest reserves.
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