Im not salty as well I love trading stocks and talking to anyone on the other side of me is always enjoyable. Gentleman bet is fine but just for fun..
Commodities and pricing is pretty damn weird esp when you put a short timeline on it. I do have a question tho when you say pressure from other fuel sources, why wouldnt increased production with lower demand for the same fuel cause greater pressures? Cheaper oil should make less demand for NG which wouldnt support higher prices for NG right?
I am seeing it everyday in the Steel industry. US production High, World production super high, foreign imports super high, demand continues to weaken, prices keep falling, scrap has almost crashed but yet we continue to produce and not cut capacity (very low atm historically). I think thats why there is a rub in oil with OPEC not adjusting production/supply correctly to what is real in the market.
What happens if we have a warm winter / shorter winter this year?
wondering for shits.. gun to your head, today would you be long or short gold?