Mike L

China, Shipping and the Great Commodity Carry Trade

Mark Anthony states that "..How to play natural gas? Buying the United States Natural Gas fund (UNG) is the best way."

I wonder of he still feels that way now that it has totally collapsed since he wrote this? Indeed, in his next blog he said UNG was at 'rock solid bottom' and all over Yahoo he was crowing about having put massive new positions into UNG, and it was now his number 2 hold. SInce then it is in freefall..massive and horrific freefall.

Anthony in dialogue with Yahoo contributors, including myself who warned him of the huge counter party risks in UNG, stated there was no substantive 'counter party risk'...even though they couldn't issue shares anymore and a huge contango was occurring! (He claimed this was GOOD for UNG, lol!)

Of course, as we see now, UNG has collapsed badly since then and with further to fall. This is consistent with so very many other plays that Anthony has touted all over the web. Lots of hype just before a horrific collapse. (EXM for example, which he claimed to 'triple up' on the very day before it collapsed in freefall..due to his mis stating eand mis-understanding their earnings statement, plus their dilutive secondary).

Follow this guy's advice at your extreme peril.