Natural Gas markets tend to move on fundamentals more than technicals, although technicals can help. It’s in that spirit that I believe the market’s overbought, but you can see it continues to go higher. We had reached a point where drillers in the United States were simply starting to lose money, and eventually that has to come to an end, and that’s what we’ve seen, I think, more than anything else.

If we can get a pullback anywhere near $2, I’d be interested in getting more of my ETF involved. We’ve had some questions about the ETF I use. It’s called UNG. It’s listed in America. I don’t know about other countries. You have to have access to US stocks or ETFs, but there probably are ETFs in European countries, Asian countries, whatever, that deal with natural gas.

But make sure it’s based on the Henry Hub contract and not something like Dubai because that might have a completely set, different set of fundamentals pushing it. The Henry Hubb is by far the biggest contract in the world but it’s not the only one, so you have to be very cautious with that. Again, I’m a buyer of dips in the ETF. I don’t care about the leverage. This is a small part of my portfolio. Quite frankly, when I trimmed it, it wasn’t that astonishing to me.

This thing could rip to $3. That really isn’t going to change my life either, but it does add to the pile. And at the end of the day, that’s all we’re trying to do.

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