Wrong vs Early – Contrarians Bet on Natural Gas

via The Reformed Broker

Jeffrey Gundlach was buying gold with his own money in the early part of the aughts decade and he was “wrong” for five years. To hear him tell the story, he was happy to be wrong because it took him time to accumulate the position. And then when he became “right”, he became really right, all at once.

I bring this up because Gundlach is now talking about accumulating natural gas every now and again. He is emphatic about pointing out that he not buying in size or aggressively. Further, he is up front about the fact that he’ll be “wrong” for awhile before he is right.

I see the same thing in natural gas that he does – the historic discount of nat gas in relation to crude oil is an absurdity – an absurdity which can run on for a long time, but sooner or later God’ll strike it down. Yes, I was listening to Johnny Cash earlier today.

Read the rest here.

Previous Posts by chessNwine

Comments are closed.


Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,567.70 0.14%
  • NASDAQ 3,579.27 -0.59%
  • S&P 500 1,692.39 -0.19%
  • VIX 12.66 3.01%
  • SPX 500 (CFD) 1,693.90 0.09%
  • DOW (CFD) 15,578.00 0.07%
  • NASDAQ 100 3,046.10 0.48%
  • EURUSD 1.319 -0.21%
  • UK 6,597.44 -0.39%
  • GERMANY 8,314.23 -0.20%
  • FRANCE 3,923.09 -0.43%
  • SPAIN 8,073.70 1.35%
  • H. KONG 21,931.00 0.07%
  • JAPAN 14,737.00 -0.28%
  • KOREA 1,912.08 0.42%
  • SHANGHAI 2,031.88 -0.59%
  • NAT GAS 4.16 -0.46%
  • GOLD 1,230.50 0.07%
  • SILVER 18.65 0.31%
  • COPPER 3.07 0.79%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR 0.14 34.65%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 2.21 1.10%
  • GERMAN 10YR 1.55 -0.32%
  • ITALIAN 10YR 4.37 1.30%
  • SPAIN 10YR 4.69 1.69%
  • WTI 107.17 -0.06%
  • BRENT 108.28 -0.13%
  • WTI/BRENT 1.11