Lex Luz

Crude Prices Plunge - UltraShort ETF Positioned for Profits

This strikes me as a less-than-thoughtful analysis. Clearly the momentum at present favors continued declines in oil prices, but what happens when the impacts of the global inflation regime created by the trillions of dollars in newly-issued central bank scrip begin to be felt? What would be the impact of oil being priced in a currency other than the dollar (though what that would be now seems a challenging question to answer).

It seems imperative also to consider global instability and "wild-card" factors in making these decisions, too. What happens to the price of oil if Israel attacks Iran and Iran blocks the straits of Hormuz?

The article isn't investment advice, it's a gambling tip. You may have the best of it for the next hand or two and maybe the DUG is a good gamble if all current trends hold and if no wild-card scenarios arise.