And if you are considering buying calls or leaps, use the premium instead to buy DXO at around $2 which is an ultra ETN tracking Deutsche Bank Oil Index. If oil goes up 10%, this thing moves up 20% and so on the downside as well.
ironic, no body mentioned the free printing press the US Govt has been running over-time. With the dollar becoming worth-less every day and soon to be worthless, it is not about supply & demand any more. With the trillions being printed and distributed freely, do you think the $$$ of 1980-90 are worth the same and has the same purchasing power.
Only likely scenario is and will be very high inflation or even hyper-inflation which will drive the price of Oil, Gold, Metals and other commodities to the moon.
Buying USO Is a No-Brainer [View article]
Buying USO Is a No-Brainer [View article]
Only likely scenario is and will be very high inflation or even hyper-inflation which will drive the price of Oil, Gold, Metals and other commodities to the moon.
Got Gold, Got Oil !?
The Dow, Housing, Oil and Credit Cards [View article]
Good Morning !