One of the great wonders of this world is how Europe escaped the winter without even a little frost on their chins. We were told they were totally dependent upon Russian gas and when that gas was taken away — we were then told ‘EUROPE WILL FREEZE.’
But none of that happened, sadly. And we were left unamused this past UNUSUALLY warm winter, amidst crushingly cheap natural gas prices.
They made it to the warmer climes and not even Ukraine is suffering from any frost on their chin and the market has gotten to the point where natural gas is now considered an absolute joke of a commodity — the clown on the bench atop a pool of water that everyone tries to dunk.
But can natty be setting up for extreme revenge? Is the price action in the low 2s totally taking for granted the possibility that, dare I say, EUROPE WILL FREEZE IN THE WINTER OF 2024?!
I’m not predicting it, rather just pointing out the possibility that markets might feeeeeel inclined to bid up natty in the later parts of summer to hedge against the chance that the winter might be, dare I say, cold.
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Picked up some $CTRA few weeks ago for that sweet dividend
here we go again….
here we go again….
and again
here we go again….
and again
In the real world it has good value and producers make money. The price of the real stuff to people who need and use it in quantity provide for profits. But the bull market “thesis” doesn’t really apply to a highly manipulated futures market price which has devolved from its original purpose into a casino in which you will be taken off from your money.