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.
Tuesday, January 4, 2011
Speculators Moving into the Natural Gas Space?
United States Natural Gas Fund|
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- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows