After 26 years, something may change
Thank you Elon Musk
I just got in the mail a book about Elon Musk’s memos from Amazon. A great read.
He wrote about why Electric cars are the future and very efficient, energy speaking. His yardstick to measure this was natural gas.
Not exactly related, but to my way of thinking it is. I thought about the overall performance of Crude Oil to Natural Gas and saw that in 26 years…
A trading range
Just this chart and historical perspective is worth a subscription to me.
This is very valuable information.
It’s interesting as one can begin an argument that this is definable bottom (which means a long term risk management low) and can help you structure an investment or a trade in commodities or stocks, related to these commodities.
So my question to you:
How would you setup the trade?
I encourage my readers to open up and share a thought or two.
And I’m not just saying that, but the first Trillionaire in existence, Elon Musk.
The same book also had this nugget from Elon Musk:
“It’s important to take feedback from your environment. You want to be as closed-loop as possible.”
Enjoy this wonderful summer day,
Eric
PS. Entertainment recommendation of the day in celebration of Juneteenth and a better version of Scary Movie