Tuesday, January 4, 2011
Speculators Moving into the Natural Gas Space? (Fund My Mutual Fund)
With almost every commodity known to man (not named cocoa or natural gas
) sent to the stratosphere in 2010, one needs to ask if the speculator class will finally start pumping up those few left behind. Since supply and demand as a reason for prices to adjust is "so 2004", it need not matter if U.S. physical inventories of natural gas are bursting at the seams... we have a fiat money tsunami to push into the market (every market) and we can only run up silver 2-3% a day, so many months in a row. Don't look now but guess what commodity got 2011 off to a hefty start?
If this continues (clearing $5...and than $5.20 will be important), just another line item to add to the list of price pressures on both consumer and producer in the year ahead - but as always, it won't matter until it matters.
No position
If this continues (clearing $5...and than $5.20 will be important), just another line item to add to the list of price pressures on both consumer and producer in the year ahead - but as always, it won't matter until it matters.
No position
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