The effects are clear in the last 3 weeks:
The news is very bad for UNG holders. These are the current rpices:
April prices are 1.42% higher than March's. Buyer beware!
Tuesday, February 15, 2011
Poor UNG suffers again: natural gas contango is in full force
Readers here know about the correlation between contango and UNG. UNG suffers because it needs to swap its contracst every month, so contango is a silent destoryer of wealth.
The effects are clear in the last 3 weeks:
The news is very bad for UNG holders. These are the current rpices:
April prices are 1.42% higher than March's. Buyer beware!
The effects are clear in the last 3 weeks:
The news is very bad for UNG holders. These are the current rpices:
April prices are 1.42% higher than March's. Buyer beware!
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