davemyers's blog

There has been a growing momentum behind natural gas in the past few weeks, even before this week's surge.  Behind much of this is the idea that natural gas could remain above $8 throughout 2008 and rally to $10 a year from now during the Winter.  That seems like an ambitious rally considering that we are hitting over 2-year highs.  Of growing concern to bears is the cold weather and the liklehood that storage levels will remain below estimates helping buoy the commodity during the slower Summer season.  All I know is it sure has been cold around here of late.  Brrr.