Natural Gas and Gold Still Have More Room to the Upside
Alan Knuckman of Trading Advantage thinks it is more than just the abnormal arctic weather most of the U.S. has dealt with for most of 2014 causing natural gas to hit $6.
Natural Gas futures hit a multi-year high of just over $6 on Wednesday. From the floor of the CME Group, Alan Knuckman, Chief Market Strategist of Trading Advantage joins Jill Malandrino, and he thinks it is more than just the abnormal arctic whether most of the U.S. has dealt with for most of 2014. As more coal plants have been shuttered, summertime electricity demand is increasingly moving to natural gas. Knuckman also gives levels to watch in gold and still likes the bullish, longer-term thesis in shares of GDX.
