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I have held back that last tranche, the spread has blown out so fast that I am waiting a bit on the last piece. It traded between .207 to .191 today. I think its blowing out so fast on the excessively large UNG position that has built up and will commence rolling on Friday, front running if you...

My take is crude is the "new" gold, an over-crowded inflation trade. Only time will tell who was right on this one. Of course I must tell you that I am looking for a W shape economy at best, over the V shape we have thusfar.

I trade more by "feel" than anything, it was a penny from target and the momentum had died. STill hasn't hit the .735 i was working. I have put on two of my three layers in the +N/-Q, was going to get the l;ast on at .185, but the market has moved out so fast that now I am holding for...

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"I'm the president of a shadow government The grand governor of the federal reserve Public enemy of the society The one you cannot see The 33 degree" from 33 degree by Thievery Corporation BTW, 33 degree is a reference to free masons

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Closed out at .725 for a .09 profit.

I'm not saying you can't make any money with UNG, I guess I'm saying it is an inferior tool for a proxy to natural gas. If you want to trade the fixed price of natural gas, open a futures account and trade that, it's what UNG is doing except they are charging you a fee and they have layed out...

Fed printing does not=hyperinflation, or inflation at allreally. For inflation to take hold, we need consumer willingness to expand household debt and money velocity, without that the fed could print a quadrillion $$$, until it has any velocity, it doesn't matter.

Storage operators capture the majority of that spread. As a futures investor, you cannot capture the differential as you cannot touch the physical. Winter always carries a premium to the summer as part of the economics of storing gas, and the fact that winter is the peak demand season of gas.

This is one area I am lazy in, I get my info from a couple of analyst at large energy companies that keep up with this. I can't tell you where to go to find it yourself, I don't know.

What the UNG investors can't seem to grasp is the concept of what they are actually trading, "futures". They think we will quickly rally to $6 in the coming months, giving them alomost a double on their investment. Well, they are right about $6 in the coming months, January futures are already...

Holy shit! Amazing that everyone that's posted thusfar is correct, AND nobody is falling for the oil:natty ratio actually having any meaningful implications. Just about everyone on the UNG message board thinks that oil and natty have to come back inline.

I had charted that same Fib on the weekly as well, we became negative on crude when it kissed. Too many in the inflation trade, I still think we risk further deflation, all the printed dollars are trapped within the institutions and there is also little demand for credit anyway. No velocity of...

I am as bearish as ever, I just don't feel the need to try and convince everyone here of my case and post anything negative I can find. I will post this one time, here, right now. I believe we will test/make a new low within 18 months.

I have added my second of three tranches of the +N/-Q at .165. Next tranche will be targeting .185 if we get there.

Since we have never even been close to testing it, it is currently believed to be at 4 to 4.1 TCF of actual operational capacity. So there is no absolute right answer yet, just a good guess. When we finally get through this pain in the coming few months, there will be another bull market. I read...

Oct/Nov crosses seasons, (injection in Oct/withdrawal in Nov), and is more volatile than a intra-seasonal spread. The seasons are Injection wich is April through Oct, and withdrawal which is Nov through March. You will notice that one of the most historically volatile spreads is the...

I put that spread on at .635, at .66 I have a .025 profit, at .60 i am at a .035 loss. I am targeting .735 for now, a dime target.

Layered in to my first of 3 possible tranches of N/Q. +N/-Q at .145 today, hoping it moves out further. Will add more at .155 and .165 if given the chance. I think this spread will be similiar to last month and move in to -.09ish, which is my initial target.