I'll go on record and say I wouldn't be buying natural gas (and certainly not UNG) until we get through September/October and see that containment isn't an issue.
As for investors interested in commodities, the Swiss-born investment advisor said natural gas would be his best pick, adding crude oil prices will undergo corrections in the coming months. ``Natural gas is cheap, compared to crude oil. I would buy natural gas. Oil was traded as low as $32 per barrel late last year but has jumped to $72. From a pure demand and supply perspective, the demand from both advanced and emerging economies is not strong. But in the long-term, prices will be much higher than now,'' he said.
Wednesday, July 1, 2009
Marc Faber on Korea, Natural Gas, Hyperinflation
Interview with the Korea Times. He touches on the usual, however has some interesting thoughts on natural gas:
Labels:
gold,
hyperinflation,
Marc Faber,
natural gas,
oil,
US Dollar