Wt Nat Gas 2x Discussion Threads

[jamesiebabie] 08/2/2012 06:58

Statoil suggesting they are moving their rigs away from gas prone areas in the US. MRO are doing the same, maybe they are trying to raise the gas prices.

I'm watching the rig count week on week in the gas plays.

[jamesiebabie] 07/2/2012 15:46

Serious volume today!

[jamesiebabie] 07/2/2012 15:46

Well, I bought some today for a bit of fun. Hey ho, I'm always the contrarian.

[odvod] 01/2/2012 12:42

iran and the ngas rockets

[traderabc] 01/2/2012 12:16

Retest of the lows? Double bottom, then what?

[banshee] 26/1/2012 15:18

True, as far as the commodity itself goes it's amazing what a few overdue production cuts, that may well never be implemented in practice, can achieve in sentiment terms in such a depressed market.

Inventories out soon are expected to show a larger than average draw for once, still I've trimmed back a little.

Edit trimmed back more after the inventories reaction.

[banshee] 25/1/2012 16:30

Yes, I think that about sums it up. It's the kind of sudden sentiment change at a 10 year low that appeals to markets, not convinced yet that logically it has real substance though.

[traderabc] 25/1/2012 16:17

Banshee - 25 Jan'12 - 15:55 - 592 of 592

Looking good at the moment.





Agreed, it does look like this one should bounce up a bit more.

[banshee] 25/1/2012 15:55

Looking good at the moment.

[banshee] 23/1/2012 18:41

Chesapeake's announcement shows big dry Shale producers starting to throw in the towel at these levels and is intended to trigger a response from others I would imagine. The first nail in the coffin of the bear trend? But it may be too soon to buy in yet, logically the current big surplus isn't going to go away or even reduce quickly, having said that could be a good bounce in the next few weeks if others follow suit tho, a lot of bears with profits to protect.



Of course, if the strategy works, the reductions will probably be reneged on .....

[wig123] 08/3/2011 12:49

looking good ;;-)

[rocket mn] 03/3/2011 20:06

The steep contango is killing this ETF.

[wig123] 01/3/2011 15:08

dubwise, hope you still have your fingers and thumbs. ;;-)

[mart] 01/3/2011 13:15

Gas seems to be a disaster area (it seems easier to make money with SNGA) and ETF's are a bit of a snare. OT: LSIL's ok for the mo though :-)

[rocket mn] 01/3/2011 12:52

ETFs definitely not for long term investment. Short to medium term trade with the trend. If your going to scalp for cents why not trade the futures - lower costs.

[dubwise] 01/3/2011 00:04

haha

cheers wig

[dubwise] 28/2/2011 23:11

Well you've certainly got me to understand so a sincere thank you! :-)

I will now help to spread the word of warning...

[ferrism] 28/2/2011 23:01

Thinking about it a bit more .... I felt absolutely terrible losing all that money "betting" on Natural Gas but I feel so much better passing on the information and hoping people will heed my warnings. If I can get one person to understand what an unmitigated disaster these ETF's are then, at least, I feel I have done something positive.

[ferrism] 28/2/2011 22:41

No problem. I learnt the hard way. It helps when I can pass on that pain in the form of advice. Good luck for the future. FM.

[dubwise] 28/2/2011 22:38

Haha...

Alright well thanks a lot for the heads-up ferrism... I owe you and wig a drink for that...

Hopefully at some point I can help another poor sod avoid the same trap...

[ferrism] 28/2/2011 22:28

Yes, potentially, it will. I say, potentially, because commodities can be in the opposite position of contango (backwardation) but that is a remarkably rare event. That rare event is effectively what we are betting on if we buy these ETF's. It's a huge gamble which rarely pays off and costs a fortune to maintain. There is, simply, no point in doing it. We may as well put the money on the 2:30 at Haydock Park!

[dubwise] 28/2/2011 22:17

Right, now i've seen this for what it is. No wonder that long term chart looked too good to be true! lol

Also I presume any ETF for an underlying commodity with a contract which expires monthly will suffer the contago effect...