NG creates widows because for some reason people like to bank their wealth on a low-volatility idea about NG. This makes zero sense to me, considering how on-demand energy sources are. Especially NG. It is used for heating, cooling, and most importantly, electricity generation. It is not only a primary commodity for demand, it is also a BYPRODUCT of oil drilling. Yes, there are NG-only wells, but most NG comes from CL wells. The energy complex is nutty. It all must culminate somewhere, and NG is it.
Been wrong once, been wrong twice, but ya can't go wrong thrice! Happy trading, y'all, and stop eating so much of that chocolatey goo.
This didn't age well...LOL. Actually, this cocoa situation is exceptional. Some producers in Ivory Coast or Ghana won't be able to ship the amounts contracted, the deficit is growing and we are perhaps at the beginning of a multi year run of really low inventories.
Only time I've seen something similar was with Palladium (rising 201%), which in fact rose twice as much as Cocoa (110%). But look what happened afterwards (Gulp!) Eventually, what goes up comes down. Nothing goes up forever!
Exactly that last chart. Whoopsie daisy for the longs! There's a video analogy for this of course. (Did you miss me?) The irony is evident in combining your chart with the puppet's singing in that one bit, considering it was from pets.com. Good Lord, haha. But of course, it is not a universal meme. See NVDA for example. :-\
Yeah IIRC but I haven't been able to find that thread and I don't remember who it was. His argument was "historical highs" and disregarding the supply situation.