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Wednesday, November 16, 2005 2:11:46 PM
***Markets vs. Natural Gas***
At one point the markets traded very close to oil, that relationship has seemed abandoned for much of 2005 however, but now do the markets trade next to Natural Gas... Natural Gas could literally cripple our economies if it rises to fresh record highs this winter...
Currently Natural Gas is extremely strong at +.777 to $12.34...
With that said, the Dow is at 10667, the Nasdaq is at 2183, the S&P 500 is at 1229, and the Russell is at 652.51...
I do expect weak closes as Wall Street takes notice of Natural Gas potentially breaking out of a bowl-bottom as arguably the strongest cold front of the year bears down on the Metropolis on the east coast.
At one point the markets traded very close to oil, that relationship has seemed abandoned for much of 2005 however, but now do the markets trade next to Natural Gas... Natural Gas could literally cripple our economies if it rises to fresh record highs this winter...
Currently Natural Gas is extremely strong at +.777 to $12.34...
With that said, the Dow is at 10667, the Nasdaq is at 2183, the S&P 500 is at 1229, and the Russell is at 652.51...
I do expect weak closes as Wall Street takes notice of Natural Gas potentially breaking out of a bowl-bottom as arguably the strongest cold front of the year bears down on the Metropolis on the east coast.
HI-HO SILVER !!!
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