How The Natural Gas Storage Glut Has Been Cut This Summer

Robert Boslego - INO.com Contributor - Energies


The National Oceanic and Atmospheric Administration (NOAA) reports cooling degree day (CDD) data for every seven-day period by state. From that data, they construct a populated-weighted national total.

CDDs are the difference between the daily temperature mean (high temperature plus low temperature divided by two) and 65°F. If the temperature mean is above 65°F, we subtract 65 from the mean.

Example: The high temperature for a particular day was 90°F and the low temperature was 66°F. The temperature mean for that day was: Continue reading "How The Natural Gas Storage Glut Has Been Cut This Summer"

Natural Gas Producers Pressuring Futures Prices Lower

Robert Boslego - INO.com Contributor - Energies


Natural gas futures prices rose by 2.0% last week (ending August 2nd to correspond to the data below) then dropped back to close the week 10 cents lower at $2.77.

NYMEX Nat Gas Futures Nearby Month

Prices rose in advance of the Energy Information Administration’s (EIA) Thursday storage report in anticipation of a draw in inventory, which was confirmed in the data release. As a result, the year-over-year storage glut was cut to 13.4%. Continue reading "Natural Gas Producers Pressuring Futures Prices Lower"

Be careful who you do business with.

Be careful who you do business with.

In the last few years, there have been several major meltdowns in the financial area that directly impacted individual investors and charities. I'm hoping these thoughts of mine will help you do business with the good guys on the street and not the bad guys. It is very important to know who you are doing business with.

When I started my career on the floor of the exchange in Chicago, my word was my bond. It is still the same way today.

So, how do you go about protecting yourself and your money? If you're thinking of trading in the futures markets, you should first check with the Commodity Futures Trading Commission (CFTC). For stocks and options, the place to go is the Securities Exchange Commission (SEC). If a company that you're thinking of doing business with has had an excessive number of complaints filed against that firm, do not do business with that firm.

Now it's possible that every firm will have a few complaints against it, that is the nature of the business. As people get upset or angry with a particular broker, they will file a complaint. Be on the lookout for an excessive number of complaints, and consistent complaints. If you see that pattern don't do business with that company.

You work hard for your money and you should get the best possible service. You should get the satisfaction that you are doing business with a company that has a great deal of integrity. I invite you to take a minute and view this video, showing how our company gives every subscriber a 5-part guarantee.

Sincerely,

Adam Hewison
Co-Founder of MarketClub.com

P.S. Here is what I hope are the last three bad guys we see in the brokerage business.

(1) Peregrine Financial Group CEO Russell Wasendorf admitted to committing fraud in a suicide note. The amount of money in question could come to tens of millions of dollars, according to the federal indictment. Russell Wasendorf, survived his suicide attempt and  is waiting to be sentenced

(2) MF Global Holdings Ltd, formerly known as Man Financial, was a major global commodities brokerage firm.  On the day of MF Global's bankruptcy, a Bloomberg reporter wrote "Jon Corzine’s risk appetite helped destroy his firm.According to a trustee liquidating the company after its collapse, the losses incurred by customers of MF Global stood at $1.6 billion. The vast majority of these funds have not been returned to customers. So far no criminal charges have been filed against Jon Corzine. Not sure why that is, and why he is not in jail.

(3) Here's the granddaddy of them all, Bernard Lawrence "Bernie" Madoff lost investors some $17.5 billion and is serving a lifetime in jail.