Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

acrazjo did it ever occur to you that being short NG is the wrong side of the trade. Get on the wrong side of 3X ETFs expect to lose your arms and legs then these bad boyz will eat your carcass straight thru. NG is a bullish trade and has been since Memorial weekend. NG has spent far more time above $3 than below it in the last 5-10 years. NG has been base building below $3 since July. The weekly reports have been coming in below last yr and 5 yr average since last year. The 50% plus surplus pad has dropped to single digits. Yes the weather is getting milder BUT the weekly report relative to the 5 yr average is what matters. Sometime during shoulder season the weekly report will drop below the 5yr average. Then what? We will be looking at It's Gonna Be A Long Cold Winter. What else, Number two NG consumer CA will be in a shortage situation this winter. The news cycle will be focused on that plus don't forget Its Gonna Be A Long Cold Winter.