Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Rock_nj]

The NOAA winter outlook that was just released shows cooler than normal along north central US and warmer than normal along much of southern US. Typical La Niña pattern.

Joe Bastardi at weatherbell is going with an amplified winter pattern. Warm across west and cold across east. He seems to think that the weak La Niña will be overruled by the warm pool of water in the NE Pacific. It is this warm pool of water in the NE Pacific that caused the bend in the jetstream 2 and 3 winters ago that brought down extremely cold air into the eastern US.