RE:RE:Is there a re-entry beckoning?We know it takes traders and investors to make a market. I suggested awhile ago that we would see a pull back in October.
Let them take thier profits Warren Buffet is a long term investor as am I as long as the market sector holds up.
I too look at a macro point of view. N Gas will become a world traded commodity as ocean shipping increases along with pipelines. It will trade much lkie oil in time.
There are many new LNG terminals in the early stages of construction.
I mentioned GLNG here awile ago. That is a co. that stores and ships NG by truck and ocean. It was $11.70 then and is $14. now. it had a high of $65.00 in 2011.
Yes, I hold shares in it and only mention it as an example of NG becoming a commodity traded more like oil. Speaking of it here does not influence prices at all, it trades an average of 1.4 million shares a day.
When the NA Nat Gas well heads freeze up as I beleive the is a good possibility this winter, you will see prices spike much higher when cos. can't get it out of the ground.
My guess is we will see real winter weather as early as the second half of November that will last into March /April.