price momentum for the metals is just about ready to turn up, from down. Palladium looks particularly promising. US dollar looks ready to resume a decline. stay in the batter's box.
everything is status quo until an extraordinary event occurs, and this cold spell, early in the season, is an extraordinary event. this week's draw will be larger than last week's draw as the west coast is now cold too. of course, if january turns out to be warmer, then spot gas will return to lower prices, but the $3's are gone most likely until april. and, if jan, feb, or march are COLDER than normal, and price takes out $4.50, we could be at $6 or $7 in a hurry.
as the world moves toward "loss of faith in governments", endless QE etc, inflation is coming, no doubt about it. when that moment begins, ASSETS will be the new strategy, and UPL has great assets. nat gas and oil is nothing more than cash flow and profits. doesnt really matter when it comes. it will !!
all of the losers always want to call the 'feds' or the 'SEC'. maybe you just dont know what you are doing?
i dont need to call the feds, cuz i dont own MCP...yet !! you are probably the same kind of trader that is always spewing that the 'shorts are gonna cover' !!
take a course on technical analysis. do something positive. stop your #$%$. put your pom-poms down and get in the damn game.
just keep throwing sand in the air, #$%$ meat. guess you cant be positive. so, go to the beach. let us know if you see pamela running along the water's edge.
based upon Powerburns forecasted withdrawals, storage levels will be 13% below last year on dec 27th. if the same rate of cold matches last year's, storage will be 28% below last year on march 8th, and a massive 33% below last year on april 5th. this assumes the same rate. a greater rate would imply even greater decline, and of course, a warmer rate would imply higher levels. we are easily going to stay over $4-4.25 for quite some time. the longer term nat gas charts will break out near $4.50, heading toward $6.00, believe it or not.
if supply is 33% lower, price will be much higher. and, the hotter the summer, the greater the demand for A/C. or,...........you can just sit there and be bitter
UPL is now on a momentum buy in the daily, weekly and monthly time frames. price is going to move higher. $24-25 area needs to be taken out. Natgas, the commodity, is also emerging into a powerful move higher, first time since april, 2012.
hahahhahahahahhahahahha up we go. higher nat gas is now IN PLAY
the value of UPL is clearly not $20 at $4.00 nat gas. at $4.50, it could easily trade in the $44 area. just listen to the concall !!
the amount of nat gas in storage determines the SPOT price. no one knows how cold it will be in the future. as the amount in storage declines, the SPOT price fluctuates. now....once winter is over and nat gas is added to storage, the key fact is HOW MUCH NAT GAS IS DRILLED and added each week. UPLs CEO believes that the glut of wells WILL END in the first half of 2014, implying that there will be LESS added to storage. by next year at this time, the amount in storage is unknown as is the weather. there are 367 rigs drilling for nat gas, down considerably from 2 years ago. so, there "could be" less available. add in exporting of LNG that is set to begin in 2014. add in the fact that mexico needs to import nat gas. and dont forget that fracking is under fire. the future price looks higher.
UPL has hedged much of their production, which means they really cant profit in the short term from higher gas. however, they have recently announced that they will no longer hedge, opening the door for them to perform in line with nat gas prices. remember, this works "both ways", up and down. !!
palladium has a short position equal to 150 days of production ! SWC does NOT have to spend huge sums of money to develop argentina copper. and, $25M of earnings was TWICE expectations for the latest quarter, but it was buried in the 'headline'. and, dont look now, but production was just raised for 2014. once over $11.50-$11.75 area, price breaks out of a MULTI YEAR DOWNTREND CHANNEL. dont be stupid.......BUY
ya cant buy TSLA, AAPL, PCLN & GOOG forever. the materials stocks, uranium, iron ore, coal, copper, silver, gold, palladium, lumber etc, are going to have a very good move up.
watch CCJ, FCX, SWC, CLF etc.
20% of the float is short. palladium is short 150 days of production. SWC just beat on earnings. no more huge cash demands for argentina. US dollar to decline and push the metals complex which has been quiet for 2 years. just be patient !!