Oil is the most accurate barometer of Geopolitical risk, especially in the Middle East. Sabre rattling by the Israelis first and now the Iranians will keep the market on the boil until Bush and Cheney exit the White House. I would err on the side of buying PUTS [1 year expiry] on a 'black swan' event that drives us upto the $170.00 area, if that happens.
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Oil is the most accurate barometer of Geopolitical risk, especially in the Middle East. Sabre rattling by the Israelis first and now the Iranians will keep the market on the boil until Bush and Cheney exit the White House. I would err on the side of buying PUTS [1 year expiry] on a 'black swan' event that drives us upto the $170.00 area, if that happens.
Jul 09 05:35 am
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All Comments by Aly-Khan Satchu »Is It Time to Bet Against Oil? [View article]
Aly-Khan Satchu
rich.co.ke