Natural Gas, from Rocky Humbert
As diligent dailyspecs know, I recommended a long in natural gas a few weeks ago. The front contract has now risen about 40% and is currently making a new high (up about 15% over the past two days).
As a veteran of this market, I can say with wizened knowledge that Natural Gas is a market that V-tops. So if you followed my recommendation and bought some UNG or whatever, don't expect a graceful exit. I am NOT calling a top. There is some probability of further upside. Possibly massive. Rather, I am saying that you shouldn't expect me to announce my exit in the way that I did in gold.
Note to Dr. Z and the counters: There is always a bull market somewhere.
Ed Stewart writes:
Amazing string of winning ideas. It seems that with the benefit of Rocky's calls doing one's own research is counterproductive.
Jim Sogi writes:
In '05 and '08 natgas went over 15 and 10. What caused those run ups?