Natural gas and oil prices have been falling off a cliff.
This was expected, and it's the reason I've been shy on oil and gas in my stock advisory services for a few months now.
Natural gas has fallen from above $6.00/mmBtu in February to below
$4.00 this month. Gas prices were around this price last September...
and quickly added 80% over the next few months.
Oil prices haven't been this low, currently trading around $90/barrel, since January. (more)
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kingworldnews.com / September 26, 2014
Today London metals trader Andrew Maguire told King World News that a stunning 650 tons of physical gold has been purchased by sovereigns and central banks during the recent takedown in the gold market. Below is what London metals trader Maguire had to say in Part I of a series of interviews that will be released today on KWN.
Eric King: “Since gold exited the $1,300s in the third week of August (just over one month ago), how much physical gold has been purchased by sovereigns and central banks?”
Maguire: “A good example was yesterday, and that (21 tons of physical gold buying) was slightly more visible because the name was known….
Continue reading the Andrew Maguire interview below…READ MORE