7/30/12 3:53 PM – Natural Gas up Big Today

Natural gas is up 5.5% today on continued high demand from power plants for electricity to power A/C units for homes, factories and other commercial buildings. The intense heat and drought continues in much of the U.S. and shows no signs of letting up.

For most of this year, I have recommended “natgas” through the exchange-traded fund (ETF) whose symbol is UNG. It is up over 20% in the last 2 1/2 months. That’s been a nice holding lately. This is not intended as a recommendation for you to buy it now. Talk with me first. – Dave