Re: New York City Gate Spot
in response to
by
posted on
Jan 26, 2009 02:20PM
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A lot was in the stars for a big run today. Metal prices, cobber, aluminum and gold(ofcause) gain and oslo borse did go up and when it does qec usaly also do, but the futures for NG was bear to 4.42$(down trend from 5.21$), first at 6.30$ will it get interesting for long futures, cause then is 7.50-80 and maybe 8.71 to expect. But I think the bad news did the most, we must wait the next weeks to see if this was the bottum. NG is at 4.45$ now, we could build botum. If metal holds and oil folow, then NG does too(always a little slower). I hear the news that roumors go on that the OPEC oilcut will not be enough(one more time they say this), I see this a little like trade, someone wants opec to cut more and want chep oil now to sell later, but ofcause we must be aware of the finance crises and if NG drobs under 4$.
QEC say they can operate with NG on 3.5$ and I dont remember if oil was 25 or 35$. Strong I think, like they also made money before the crises and they have good partners. It takes a little longer yes. I think they are good in timing the market, so when news comes we spring up high and bankinstitutions will have to revaluate the play if talisman or forest results are good.