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The Broken Market Chronicles: Nat Gas Explodes As Man United Implodes
The market is so beyond broken. No point in commenting any more. Here is what happened with Natgas in slow motion animation courtesy of Nanex...

And here is what just happened to recently public Manchester United on no news as the $14.00 IPO price defense finally failed:
and close-up on today...
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last week UNG spiked to 22.03 and then the hype started that natural gas rallying and boom its down down 25%
http://www.freefdawatchlist.com/2012/08/stock-chart-analysis-for-august-16th.html
Here's what it looked like to us. It's a new model we have been just evaluating, so we weren't sure what to make of it.
http://www.quantsig.net/img/com_natgas.png
EDIT: This is what the event (and after-effect) was, in human timeframes.
Nat Gas, / fracking requires tons and tons of water! Literally lakes of water.. Good thing we have plenty of it.
ooh, wait.
Your so right. It would be much better to nuclear. Just ask the Japanese or the folks that live in Love Canal or Chernobyl. And of course coal is the obvious best choice for the environment you so clearly want to protect. Just ask the folks that lived anywhere near the sludge moutains and carbon emission experts. Then there is battery. The Chevy Volt is a prime example of the wonderous technology. Then there is the use of corn. Brilliant plan to use a major food source for fuel. Wind mills will be awesome expecially how they attach to the back of commercial truck.
Just for heaven's sake lets do anything but drill or frack.
On second thought man we are fracked as a nation. Good thing we have the Dept of Energy and EPA to help us navigate the withdrawal of our use of foreign oil and thankfully we won't get access to those dirty Canadian Oil Sands.
You know though when BP had the oil spill Obama must have done a helluva job avoiding an ecological disaster because I've seen more video concerning the damage the Exxon Valdez caused in the last year than anything that's happend to the Gulf due to BP. So it must mean that oil spills no longer cause damage so we should drill baby drill because I think I only saw 3 oily seagulls during the entire time the spill was taking place. Come to think of it you don't even hear any warnings about radiation from Fukishima. So once again I must presume that all is well and Obama has it all under control, we just have to make sure we do not allow fracking technology because Obama admin hasn't been able to figure out how to minimize the downside to fracking like oil spills and radiation and corn use.
It's much better to let China buy up all of the shale plays and get access to Canadian oil sands. Let them take the pollution risk and lower energy cost in hopes of curbing inflation. Oh wait, that's right there is no inflation because the government said so. At least not inflation that deserves to be measured. it only exist in energy, food, healthcare, education cost. All transitory.
Well it does seem there is inflation in what it takes to buy the presidency. No one really talks about it but I would love to see what the inflation rate of winning the office of the President is compared to the inflation rate the government stats report the American people experience which is almost nil for years now.
Fraking A right!
UNG is a pitiful excuse for an ETF for those who want to take a long position in NATGAS.
UNG = FUBAR
There was a Nat Gas number at 9:30, happens every thursday at 9:30am. Not saying that it makes sense that HFT provides these pops, but its nothing out of the ordinary.
You can go to this site and view a history of weekly NATGAS storage data.
http://americanoilman.com/
Click on "Gas Storage" in the upper left portion of the screen to see the data. According to the data, the weekly injection number for 2012 has come in below the 5-year average for that particular week for 19 weeks in a row (dating back to the data for the week ending April 6, 2012). That is very telling. The NATGAS surplus is coming down steadily.
That's normal on EIA Storage day.
send in the velociraptor drones
Somebody needs to slam the shit out of the gold/siver miners quickly. Some of them are up today.
73m quid for a 29 year old super injury prone, one season wonder isnt exactly an astute investment.
Massive gamble.
Buy high trade low. ManU's got that nailed.
It's 23 m, not 73. One season wonder? He's certainly injury prone, but 79 goals and 40 assists over the last 5 years are hardly "one season wonder" numbers,
As an Arsenal fan, though, happy to see the glazers get hosed.
RVP is no doubt a fantastic player - when he is on the pitch.
His pay packet looks to top 49m, with a 24m fee thats 73m.
But i guess bwin has that covered lol.
apparently very bullish for european equities though
This is a pure and simple "Running of the Muppets" prior to the prescheduled crash to extract QE and try to get Romney into the White House...simply can't have all this good confidence around and expect things to end up as Goldman wants them...
Another successful muppet raping. Next up Twitter.
gambling on sports after the black sox is pretty silly isn't it?
Time to invest in Dimenhydrinate
Nat Gas exploded up because inventories ROSE less than expected.
Yes supplies increased so the price must go up.
Rage is past the brewing stage. I think if normal Americans actually understood what was happening there would be thousands of dead bankers in the street within minutes.
You continue to demonstrate a complete lack of understanding in the majority of your posts....
Buffet said nat gas was going to zero and he now invested in it. Everyone is an actor.
Tyler - I'm dissapointed with you guys on this one.
Every week, same time, same place, the Gov't releases natural gas inventories. There is always a market reaction. Paper prices spike or dip based on whether or not it met, beat, or missed expectations. A build that is less than the forecast will result in a jump, a build that is more than th forecast will result in a dip. Oil inventories are on Weds. Even CNBC knows this...
C'mon guys, you're better than this.
http://ir.eia.gov/ngs/ngs.html
Doctors report on Van Persie's ankles must have been leaked...
Man united, LOL what bunch of muppet morons! I'm guessing faceberg participants hoping for a better outcome? Eitherway both are still doing a faceplant today, gotta love it!
This has been happening to NatGas every Thursday at 10:30EST for the last year with the release of EIA inventory numbers, and to a lesser extent with the Baker Hughes rig count data at 12:00CST on Fridays.
Thats why we call them MANURE