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I'm surprised it hasn't already
That was Tom Skilling....1850's
Skillings the man..
Near record lows coming this week as the polar vortex dips to the midwest again. Nat gas going for a ride ...
Another great call by Cramer... Lol
Yah, good luck with that... Obama and the D.O.E. Are in the pockets of these big oil companies. We are not even exporting that much gas yet. But we will be.... Then you will see how much gas costs. Who do you think they will push all the added export costs on? What happens when our gas becomes part of a global market? If gas is $19 in asia what do you think the price of ours will go to? This hasn't even started yet. There's like 20 applications for export permits from big oil co.'s only 1or 2 have been approved and 4 are being considered. I sure they all will be approved soon, they just need to grease the right pocket. And they will drive the price up because it won't be profitable to export at these prices. Nat gas is definitely the next crude. And we're screwed buddy....
This is ugly. No interest here anymore....
Stop yelling.....
And yes, the peakers and co-gens pick up the slack. Nat gas burners..
There's usually a lot of nuke outages spring and fall. There will probably a few all the way through april. Haven't looked, but thats typical.
I can't believe we haven't seen big runs in coal like last year. They are still burning it... They have shut down one in chicago area that i know of. I know the 3 in my area are still going. We had huge runs in aci/jrcc and a few others, and we didn't have $6 gas.
What do you guys think about gas now? Here's my guess... Would love to hear everyone else's. I think gas runs into fri eod. Get a fat pullback early next week with the anticipation of the low draw, then it goes higher.
And they got a revision from last week
It will be interesting to see what happens with this report...
What's up Adeezl... I think the dump here is gonna be epic when it happens. But, I totally agree.. Natty is definitely the next crude. Higher lows from here, no more low $3 gas. Took your advice from a couple weeks ago, opened a td getting out of my eturd. And I'm planning on selling or buying options on gas this time. These etf/etn will definitely catch you off guard, as I've learned in the past.
You should ask the guy thats "in the know"....
I could definitely see a spike with the report this week and maybe a rally into the weekend. But I agree this will lose its fizzle next week. Maybe even some monster dumpage....., Anyway, thanks for your insight.
Thats why I haven't been quick to jump in these this year. There is a lot to understand here.
I see....So is this contango gain? These funds reset between contracts. All these 3x have decay or beta slippage. As much as these swing you are all ways losing money holding them.
Is that because they are not in contango right now. Normally your losing money when this swings...
I just realized something. This is backwards....
Gas hit 5.98 this morning... D was $3. When gas hit 5.71 a couple weeks ago D hit 2.50ish I believe. So holding D you would have lost over $.50 a share in 2 weeks....And there's that $6 gas I was talking about a couple weeks ago.
Sold my shares @33.12 today from 25.31 awhile back. Hoping to get back in here a few bucks cheaper...
Move back to cold weather pattern next week according to Skilling. Should be another decent draw this week that will put us well below ten year storage level..., I don't think nat gas is done yet. Thats my guess
Polar vortex moving back in after next week according to Tom Skilling
If storage wasn't gonna break ten year low next week..., I would be getting long myself at this price most likely. Your right, this always goes the other way eventually. But I won't get long in D or U unless gas is really high in Mar/Apr or really cheap in Oct/Nov. I could see a cold march.. Then sh@ts gonna get crazy. I think 1600 storage is a big psychological barrier. I'm guessing thats all they are gonna be talking about next week regardless of how warm it is. But I'm just guessing. Anyway, good luck man
Next week could be warm, but the 2 week out forecast has the most influence it seems. So, its hard to say if that will matter. There is so many factors with this market, plus the manipulation.
Sure, you can make out long term sometimes. But like you said 70% short interest, that's how most people trade these 3x. Thats why this is so volatile and swings so much. And the more this swings... The more you lose.
That's the problem with nat gas market compounded by 3x leverage. When you think you got a direction figured out...it turns around and bites you. D and U are short term trades, especially with the decay. You can just watch D lose money when this thing swings back and forth. It's gonna be pretty late in the winter for me to go long here. But when nat gas goes on those parabolic runs, you can't beat the pull back or bounce trade.
Nice day! Good call..
Very true... I just believe that since we hit this storage level this early, there might be some panic. And there is definitely some warmer air moving in, but one word of cold.... It will be up for grabs!
We hit 1600's already, i figured it would be next week. I see a nat gas rally coming...
Bloombergs saying 234 expected this week. We will hit 10 year lows in storage
An update on nat gas is usually in their top news. Didn't see it today. You can google search nat gas, click news then past 24 hours in search tools to find an article on the estimate.. usually someone has it.
How do you think SPWR plays out next week if we get good earnings and a market dump....
Totally agree....
It probably just came up on a search because the tic was in a group of etns
This is inverse... It goes down when gas goes up. As far as the link, I dont see any mention of DGAZ in it. It will R/S if gas goes higher.
You may get it, but I would never be long on this...... Unless is was a put.
How bout an actual link to the article. Don't see that story anywhere on their page, nor on a google news search for the company. Was someone scared they missed the bus...