Never Lower

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Many months ago, I found one of the very few instances where a sine wave made sense on a chart. If I truly trusted it, I would have made a fortune, because this insight on natural gas’s long-term patterns was Nostradamus-level:

Looking at the fund UNG, whose movements are exaggerated compared to the raw price of natural gas, it has crashed to never-before-seen lows. Of course, no one who gets a Palo Alto Utility bill would know this, since they cranked up our gas prices 300% a couple of months ago.