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:eek: :eek: :eek: $9.03 last and a 30% collapse in a month.

Looks like the "roll" will be brutal. Nov is trading $1.15 OVER Oct. :eek:

And I guess the 8 years of Bush were just SPEND, SPEND, SPEND. You talk about denial, but you conveniently ignore the fact that Bush and the Republican Congress doubled the national debt. Bush rarely used his veto pen, and the $1 trillion dollars spent on the Iraq War was never accounted in...

Not necessarily. I believe that the "bbl" nomenclature goes back as early as the late 1700's - - - well before Standard Oil was founded. The extra "b" could have been added so as to eliminate any confusion with "bl" which was the symbol for the bale. Or, it could have been added simply to...

Chevron's Richmond, California refinery processes roughly 250,000 barrels of crude oil per day, which produces 5 million gallons of gasoline per day. It opened back in 1902 and is the oldest refinery in the nation, is 2900 acres in size and employs over 1300 people. Supertankers come in to the...

Yep. And the Mexican government and legislature has been sucking PEMEX "dry" like a two-bit whore on a street corner for years. The Government "finances" 45% of the national budget in Mexico via PEMEX. PEMEX pays out over 60% of its revenues in royalties and taxes. They are in a TON of...

You have to excuse our resident ET Blowhard . . . Eric "EMR" Global. I believe he was a rather "small" prop trader at Schoenfeld in Chicago just a few years ago, and now he claims to be in the oil business. Obviously, he has NO IDEA what he is talking about, as you so well point out. Elm...

Thanks Mu! Full Moon tomorrow! :D

Still closed at a 12.9% premium as of last night given the $8.37 NAV. http://www.unitedstatesnaturalgasfund.com/index.asp

Closed at a 12.9% premium last night. http://www.unitedstatesnaturalgasfund.com/index.asp

Yeah, nice rally all right!:eek: It's down 20% since your last post on August 20th, and it's still trading at a horrendous PREMIUM to net Asset Value. Good luck when that premium collapses when new shares are issued. :D http://www.unitedstatesnaturalgasfund.com/index.asp Some people...

Yeah, you sure are MARRIED to it, and I suspect that the DIVORCE will cost you a small fortune. Get ready to move out of your house and into a small garage-style studio apartment.

You CLEARLY HAVE NO IDEA WHAT YOU ARE TALKING ABOUT. Anyone that has an ounce of brain cells can see that the upcoming "roll" in October is gonna be costing the UNG Fund a full $1.00 given the contango. Duh! :D

Steenberger's analysis isn't even worth reading. He has no idea what he's talking about. Look no further than his quote: " . . . the directionality of the involvement suggests that large financial institutions are systematically buying the beaten-up shares of the poster children for TARP: C...

Gold broke out technically. And the Funds all got triggered in. Period.

Getting crushed today for yet another 5.5% loss. The PREMIUM yesterday was at 18% to the NAV. No one in their right mind should be buying this ETF.

UNG is trading at an 18% PREMIUM to the net asset value as of yesterday's close. GAZ is an ETN ( not an ETF ) that also trades at a significant PREMIUM to NAV. There are so many people that have bought these two products without having a clue what they actually represent. Sheer idiocy.

Well, there are an awful lot of "frail" little Egos out there and they'll do anything to defend themselves even if it means looking like an absolute FOOL crying over an extra $10 per month. In any event, I would simply like to point out that Jerry Medved is one of the finest guys that you'll...

Biggest decline in quite some time, critical support broken at 1017 SPX, Prechter 100% short as of last Friday, and the EWT short-term update counting a 1-2, i-ii, and then 3 for today's drop signaling the start of Primary Wave 3 (P3) and there's only one post on our beloved thread??? Where...

the word . . . OLIGARCHY. http://current.com/items/90801309_glenn-beck-cant-spell.htm <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/P_lgTIZ22jE&color1=0xb1b1b1&color2=0xcfcfcf&feature=player_embedded&fs=1"></param><param name="allowFullScreen"...