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As I write these words early Monday morning, the market is feeling restless. Two key data releases are on tap. The CPI inflation numbers come out at 8:30 EST; the consumer confidence index comes out at 10. By the time you read this, both numbers will be out (and I will be on a plane, flying back to Nevada). Will the broad market be higher or lower? Who knows. In the past few days the Fed bailout was cheered, then jeered, then cheered again. At least one thing is for certain: While the major indexes have been making investors seasick with their lack of clear trend, other markets have been going up, up, up. Take natural gas, for example. The price of natural gas has basically gone up for five weeks straight. It’s quite remarkable -- but not all that surprising. Here at Taipan Daily, we’ve been pounding the table for natural gas. In February, we noted Bloomberg’s observation that “U.S. natural gas is the cheapest it’s been relative to oil since the 1991 Gulf War.” So is it too late to get in? Definitely not. It takes time for sentiment to shift and attitudes to change -- and there are significant underlying factors at work, too. The big profits in natural gas are still ahead, as Andrew Mickey of BreakAway Investor explains. Take a look. Have a great weekend, JL |
