Natural gas has over taken coal as the number one source of electrical generation. In the Q3/16 newsletter an allocation towards natural gas was added. This was more of a play on the potential for strong demand should a strong La Nina follow the strong El Nino. The last time this happened was the late 1990's and gas had a 500% rally. It is unlikely to be able to rally in such a manner this time as there is more potential supply than the late 1990's but gas could rally 150%.
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