Excerpt: "The funds and other large speculators raised their net-long positions, or wagers on rising prices, in four gas contracts by 94 percent in the seven days ended Jan. 4, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report."Bullish bets on gas when these gas shale formations (Haynesville, Marcellus, Bakken, etc.) seem to depict the entire subterranean US as one large underground storage facility.
Monday, January 10, 2011
Here We Go Again: Hedge Funds Almost Double Bullish Gas Bets on Cold Snap
Story at Yahoo!.