We're going to have another 80+ build in supply this week (Thursday am) which will/should take the wind out of the sails of these premature bulls. For the season, we're about 200B cuft under the 5yr avg, so that is somewhat bullish.
Continued colder-than avg temps in the NE (because that is the only area that "counts" to the NYMEX boys) will ultimately BE bullish, and I will join the crowd...but NOW?? First week in Nov?? Somebody's jacking the mkt around.
Helpful, I hope?
Tuesday, November 4, 2014 |
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Markets | yesterday | today | |||
metals | Gold trading at $1,169.5 & silver to $16.13 | Futures @ 4 hrs. before opening -0.75% | |||
stocks | Flat in higher volume. | Futures +0.12% |
--w/ the only reports this morning being Trade Balance and Factory Orders. Welcome to hold-your-breath Tuesday!
Global shares gain ground as oil prices extend fall European shares gained ground and core bond yields dipped on Tuesday following a raft of company trading updates, bucking a more muted trend in Asia and the United States as oil prices extended their fall and economic growth fears lingered. The after-effects of the Bank of Japan's surprise stimulus move last week were also still being felt, with the dollar taking a breather but still..
hey guy, I’m up at the CR border wishing you were here! OK, you’re glad ur not, but I still haven’t gotten the NATTY info so if u got links it wud be nice.
cheers!