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Don Dion's  Instablog

Don Dion is the publisher of the Fidelity Independent Adviser (http://www.fidelityadviser.com/) family of newsletters, which provides to a broad range of investors Don’s commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than... More
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Fidelity Independent Adviser
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Dion Money Management
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Market Outlook 2010
  • Natural Gas Falls While Gold Surges 0 comments
    Sep 4, 2009 10:11 AM | about stocks: UNG, FCG, AMJ, AIG, FNM, FRE, LD

    U.S. Natural Gas (UNG) tumbled 4.3% today, but its underlying value slid 8%, pushing the premium back to 17%. I explicitly warned of this situation last week in "Natural Gas Heads for Super Contango." The difference between the October 2009 and November 2009 contracts on NYMEX is now a gigantic 46%.

     

    First Trust ISE-Revere Natural Gas (FCG) gained 0.1% today, mild but far better than UNG. Meanwhile, JPMorgan Alerian MLP Index ETN (AMJ) gained 0.6%.

     

    Beside the collapsing natural gas market…READ MORE

    Themes: Natural Gas, ETF, NYMEX, Premium, Investing, Risk Stocks: UNG, FCG, AMJ, AIG, FNM, FRE, LD
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