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NatGas Nosedives To New Cycle Lows
Once the algos had their way with stop-running to yesterday's highs (following a smaller than expected build in stocks for the second week in a row), NatGas has collapsed back to new cycle lows into the close...
"unequivocally good" right?
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Bullish.
No inflation people. Crude, copper, NG, gold, silver, zinc.....
Now go buy a new house.
Luv,
Jan
Yeah, precious metals are getting slammed! Again!
+1 but not the stockmarket - no way. it used to be that when the PMs got slammed, so too did the stock market.
seems like FOREVER ago.
Well the DOE just claimed that pumpkins contribute to climate change.
http://www.washingtontimes.com/news/2015/oct/28/pumpkins-cause-climate-c...
Once all thos evil pumpkins quit rotting and producing methane, can we expect a rebound in Natty?
he he heeee +100
Once El Nino gets through with us this winter, I wonder how many shale companies will be left when the dust - not snow - clears next spring, especially here in Western PA?
http://fuelfix.com/blog/2015/08/20/bones-at-proposed-shell-plant-in-penn...
They are all long cold winters anymore.
While the build was less than expected last week, we are not far off of ATH storage levels.
In new math a smaller than expected build is actually a decline.
A less than expected drawdown is actually a build.
Where in the world is Brian Hunter?
In other news, I ate chili. Natural gas supply is very, very high. Natural gas demand is VERY low. At least according to my wife.