NG trading is wild todayHave been sitting on the sidelines watching (sold my HND last week at a loss when NG pushed past $4.50) the price of NG and trying to figure out what is happening.
From fundamentals perspective there is no reason for it to go up. (US employment is not yet improving, industrial demand is not yet there, summer heating demand is not yet a factor, with all of the shale plays the hurricaine impact should be low). But having said that it looks like the market wants to test the $5 mark.
The gyrations today have been very entertaining (and could have been profitable for someone with nimble trading fingers). Same goes for the quick retreat from $4.98 on Friday (missed that as well).
So here I sit with my core gold stocks, hoping that the problems in Europe get worse and wondering if NG will get past $5 or is now the time to load up my HND again?
Thoughts anyone?