also wouldn't bank on gas prices going up next year, commodity prices look quite bearish. GOld, oil, gas all well off their highs. I personally think $7-$8 is the medium term outlook. Most of the OECD England, italy, spain, sweden, US, Japan etc etc have had quarters of negative growth and it looks like its not even half way done. Sure there will be some small rallies and volitility but demand is decreasing and fuel oil is still used extensivly in the US its prices are coming down also. In fact Canadas exports of commodities to the US has decreased from consumption 12 months ago including gas.
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
