By Brian Hunt in DailyWealth:
Awful headlines for the energy business: The price of natural gas – America's largest source of clean electricity – dipped to a seven-year low last week.
Yes... it's bad news for natural-gas producers. But bad as it is, it's also wrong. You see, when measured in "real money," natural gas is actually trading at a 15-year low.
One of the biggest mistakes the average market participant makes is measuring asset performance without factoring in the declining value of the U.S. dollar. The greenback has lost about 25% of the purchasing power it held in 2002. This makes folks believe…
Read full article...
More on natural gas and oil:
Trader alert: Oil trading at critical level
This left-for-dead commodity could rally soon
Hedge fund makes BIG bet gas prices will triple