Will Hurricane Isaac Send UNG Soaring?
As hurricane Isaac has continued to develop, it appears that it now has a clear path set to run through the Gulf and make landfall within the next 24 hours. Though it steered clear of the Republican National Convention, the storm has now entered the Gulf area and could cause a lot of problems for the dozens of drilling rigs in the surrounding area. Not only that, but the storm is currently headed along a very similar path to 2005′s Hurricane Katrina, worrying residents and government officials. Three states have already declared an emergency and have begun to evacuate residents. See the full story here → Related Posts: Five ETFs to Ride the Natural Gas Rally Natural Gas, UNG On a 70% Rally Commodity Trading Trends: When To Stop Shorting Natural Gas Top 100 Options Trading Blogs The Highest Yielding Commodity ETF Is…
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