“what’s going on?
UNG also may correct another 10-15% or more from here?”
The recent highs were a REFLEX move up off the extended decline beginning a year ago.
A bigger decline to new lows is now in the offing. Probably into mid summer. Far more than 15%. Mark my words.
“Its not easy to invest” …. no one invests anymore if they want their accounts to grow.
Not at the peak of an Everything Bubble, for one thing. Its hard to profitably hold a position even for a few months these days.
PS … I noted on this board back near the highs last fall that I thought KOLD would be a good position.
I’m NOT back in that yet as we likely see another whipsaw move higher before the decline proceeds in earnest.
Very very true “Its hard to profitably hold a position even for a few months these days.”
I’m doing this even for many juniors, profitably, and therefore sleeping peacefully at night.
Somewhere, in this inflationary firestorm, I’m expecting some “harmony” LOL … between a 20%-in-7-days move like in FCX (I again missed the dip to mid 30s and the subsequent move up to 42ish) and UNG/BOIL … comparing apples to oranges
Why the dichotomy between copper and nat gas? My naivete …
Sir KenS,
BOIL got halved from 5-6 trading days ago … what’s going on?
UNG also may correct another 10-15% or more from here?
Oil heading to $60?
I guess it is not easy to invest in commodities as they front-ran the inflation rate?
GL
Typical movement for Boil/Kold. Could certainly fall farther, but the easy money has already been made.
“what’s going on?
UNG also may correct another 10-15% or more from here?”
The recent highs were a REFLEX move up off the extended decline beginning a year ago.
A bigger decline to new lows is now in the offing. Probably into mid summer. Far more than 15%. Mark my words.
“Its not easy to invest” …. no one invests anymore if they want their accounts to grow.
Not at the peak of an Everything Bubble, for one thing. Its hard to profitably hold a position even for a few months these days.
PS … I noted on this board back near the highs last fall that I thought KOLD would be a good position.
I’m NOT back in that yet as we likely see another whipsaw move higher before the decline proceeds in earnest.
Very very true “Its hard to profitably hold a position even for a few months these days.”
I’m doing this even for many juniors, profitably, and therefore sleeping peacefully at night.
Somewhere, in this inflationary firestorm, I’m expecting some “harmony” LOL … between a 20%-in-7-days move like in FCX (I again missed the dip to mid 30s and the subsequent move up to 42ish) and UNG/BOIL … comparing apples to oranges
Why the dichotomy between copper and nat gas? My naivete …
GL