I just heard on fox business probably rcorded earlier or on friday. Mention of DXO and UNG that how these two are adversely affected by Government , and commodity speculation and CFTC regulations. This is not a free market these are Jonathan Hoenig's word. I guess CFTC was not concerned about bubble in NG price when it was $13 now at $2.50 they are concerned about speculation, can any one tell me where the speculation
And on bloomburg one guy had nothing positive to say about NG and kept saying we have good supply so NG will stay low for next few month or even throug winter. Oil at 70 he thinks it will go to $90, like we have shortage of oil?
Any update on CFTC meeting. I searched but i could not find anything. UNG and other ETF's suspended issuing further shares due to CFCT restrictions. They had to adjust their strategy accordingly resulting heavy selling due to uncertainity of the ETF business module.I would appreciate if some one any information of
1- Outcome of the meeting 2- What happened to " Would BE" restriction on further issuance of UNG shares?
The whole scenerio in NG could change if UNG is being allowed to resume business as "usual".
The statement was, because of the gov't looking too try and curb speculation in the energy market UNG and DXO have been adversely effected. Which is true, but no new regulations have been pasted and all the hub-bub is only speculation that something in going to happen.