3 Commodity ETFs with High Probability of Near-Term Success [View article]
The fundamentals are well represented here. But consider this: from April 1989 to March 2009 EIA data run through a regression analysis reveals a correlation coefficient of .8775. That is a correlation that is not so easy to dismiss out of hand. Is everything that different now? (Leading and lagging of of the data by six months reduced the R-squared to .77) My view: as soon as traders begin looking forward to fall/winter the nat gas bid will grow. The base builds in the interim.
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The fundamentals are well represented here. But consider this: from April 1989 to March 2009 EIA data run through a regression analysis reveals a correlation coefficient of .8775. That is a correlation that is not so easy to dismiss out of hand. Is everything that different now? (Leading and lagging of of the data by six months reduced the R-squared to .77) My view: as soon as traders begin looking forward to fall/winter the nat gas bid will grow. The base builds in the interim.
Jun 13 10:07 am
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