 Let's go to Mike and Mary Mack new Hampshire. Hey, Mike. What's going on, brother? Hey? Good morning, Tom Take a natural gas. I'm not in it, but One way you think that's headed natural gas widow maker Volatility in Roku Natural gas. Let's take a look. He wants to look at UNG. It's a US natural gas fund, but I want to bring up energy Let me bring up the futures first so NG. Let's see. We're not in December. There we go Okay, so got about ten inches of snow on your old neighborhood up. I know I was just gonna ask you ten inches Is that what you have already? Yes. It's still snowing, right? Yes. Oh my god. It's December Oh boy. Okay, so this is a mess one second and NG and G I gotta bring up the In Eric contract, okay So that had quite a day on Friday. Oh I mean you just got wiped out not you. I'm just now the market. Yeah, man Yeah, I wouldn't touch this thing man. I mean, yeah, you think it's gonna go continue lower Yeah, the lowest game 202 is game man that that type of bar now. I get this in a weekly back Daily, that's a 50 cent bar and just so you understand something a dollar in the natural gas market $10,000 a contract. Yeah, so it's like about 44 cents just in that last week Yeah, that's just intense. We go over to UNG. So we go to UNG the ETF that he's actually looking at put it back I Can do the monthly because we just ended November. Oh, that's it Like three years, okay, what is that? Yeah, I don't touch this thing Man, this is okay. Yeah And you know, it's so wild folks is that just just you know, Mike this I can absolutely see Why you want to touch it because I can tell you up until I traded natural gas a lot we go back 10 15 years I traded for good five years in a row and What happened is that this is when natural gas was a lot higher because even the I remember the I had to put Up like 12,000 a contract and okay but what happened is this is that There's such a disconnect between even you know, technically sometimes how it's set up and fundamentally I'd say to myself Oh my god, hold it. It's freezing all over the country. They got to use natural gas. Well, guess what? No, they didn't You know and so it just seems to me that natural gas in general is not a great thing to trade and I'm you know Saying that and not just personally that I've even since not trading it I haven't traded it for a good five years now, right? And is it disconnect man? And it has to do with this contract here only has to do with Where this is stored it doesn't have to do with like well, when that happened, you'll hear me on the air saying oh, okay So what ends up happening is that? Like Boston like you know, I bet we'll hear okay that in the next three or four days that natural gas up In your area Mike, okay is going to go exponential in price, but that's the spot market and Sometimes it goes up 200 300 percent for two or three days at a time that it comes back down Versus this market here meaning where it's stored because natural gas you can't get easily from one place to another I think that's the biggest problem. Do you know what I'm saying? And once just to tie it in once like this And then once it's cold they know it's gonna be cold You know what I mean? It's the unpredictable part of things of where it's gonna be maybe in two three four weeks So what's going on right? You don't know yet because once it snowed ten inches the market had priced that one in but just to pull up The last part that I found interesting so you did say you know for every dollar in here It'd be ten thousand dollars every fifty cents to be five thousand dollars you'd have for exposure and You're putting up only about twenty four fifty to twenty seven hundred bucks So just last week alone and just how that would play into that type of market You have to consider it right because you have people putting up 2600 and seven you know call it 2700 bucks right and so basically if the contract moves 27 cents They're wiped out and you had 45 cents a movement last week. Yeah, that plays into things for sure Thanks Mike stay warm stay safe out there man. Totally. I phone numbers eight seven seven nine two seven six six four eight Give us a call folks come right back You