Monday, August 24, 2009

Gooodbye bill hello Danny

This is what late august early septemberis all about and I can't believe it is not priced in

Bill is a memory and Danny is in infancy off the leeward Isles

One of these will become a huricane and smash either the Gulf gas sytems of Eastern Canada
At least supply will be disrupted once They see this new forming system as a threat to the Atlantic coast but it is too early to tell I had a nice day trading natty And I am going to carry a long contract and trade a second one simultaneoulsy and it would ride this back up
The december contract is priced much higher so there is your educated guess on where gas will be then it is too bad you can't really rely on UNG in the current climate as a closed end fund
because even with the contango curve it could still be a very nice place for the long term play