Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Gls3ms]

I’m back in on the low 13’s. Not sure where this one will go until we get some cold blasts again but I’m reluctant to let go. I work in the oil patch and I can tell you that the large gas plays have cut back significantly, I can’t help but think we will see some good gas numbers due to the lack of production coupled with a couple hard winter blasts. It may not happen as fast as we want but it has to happen. Most of the north east plays will not pick up again until spring thaw and the southern plays will wait at least until 2020 budgets are written. I’m thinking February or March before you see any production from that. It’s hard to buy and hold this volatile sucker but at some point we will miss out if we sale. At least that’s how I’m seeing It. I’m hoping for 3.50-4.00 gas sometime in later December or January. Even if it is short lived.