Tuesday, September 02, 2008

So much for Gustav

Well so much for Gustav - turned out to be quite literally a tempest in a teacup. Looks like my bet on NATGAS turned out wrong and NATGAS, Crude and Gold all collapsed through early trading on Tuesday AM. Crude is at $110, NATGAS at $7.50 and Gold at $819.
I am currently down about 7% from my position and am seriously considering throwing in the towel. It looks demand destruction is going to trump all other themes. I full expect Crude to go down to $75.

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