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Depends on if you want to hold $USD!!!
https://www.cnbc.com/2022/03/08/russia-ukraine-latest-updates.html
Upper target was ~$270.
Venezuela, Keystone, Iran to the rescue!!!!!!!!!!!!
Whisper number of $300 if they cut off Russian oil, could domino with some OPEC taking the other side.
So we may be stuck up here with the price. SCO had >10% swing yesterday.
Saw Van Meter's Vix chart, nibble on weakness and hold for a really big pop.
3 weeks ago I picked March seventh as my target for accumulation of ALL short positions (ETF) on CRUDE oil. My max price prediction $115.00 was blown out of the window.
Still looking for $2,100 GOLD.
London Bullion Market Association (LBMA) is now an untrustworthy organization.
Suggest PSLV and watch your Eurozone currency exposure, Fiat go poof!
Not sure on your other one. It's chart has a flat line going across it for 5 years and priced in pounds.
Maybe pick a South American currency that has food production to hide in.
It doesn't matter, we already passed the point of no return on the recession! Powell doesn't have to do a thing the correction is already baked in. He just needs to be ready with a large sum of cash!
https://www.cnbc.com/2022/03/06/ukraine-angry-dock-workers-in-the-uk-are-refusing-to-unload-russian-oil.html
Shell management continues to make poor decisions.
https://www.cnbc.com/2022/03/06/shell-defends-decision-to-buy-discounted-oil-from-russia.html
GO TIME!
AGQ
SILF
Starting to see bank downgrades show up! Watch for volatility.
I like the lower price but a R/S would not affect my performance.
IRAN!!!! Nuclear resolution!! Drill, drill, drill.
I have to place stops on my ETF inverse funds. If CRUDE ran from $115 to $125, that would be very bad for me. Now I am just below break-even.
Yep, word is that 400k is in Iraq and owned by Russia and shut down due to sanctions.
Also hearing rumors of Mexico stopping exports.
I think it would be MUCH more likely to R/S than be shut down. There's too much volume to be shut down.
Dissolved, closed, etc. It happens to penny stock priced ETFs unless they decide to reverse split. If CRUDE goes to $150 these 2 funds with either be shut down or R/S.
Why are you saying NRGD and DRIP might "be shut down"???
Market Cap Shares in Issue Float
DRIP 73.98M 24.50M 24.50M
NRGD 28.40M 10.00M 10.00M
https://www.direxion.com/product/daily-sp-oil-gas-exp-prod-bull-bear-2x-etfs
https://www.microsectors.com/_files/ugd/c95fca_8a2f508f356248339d9729ad40cad284.pdf
https://www.direxion.com/press-release/direxion-to-close-and-liquidate-rusl
Now they are offering almost 10% on these notes.
https://ih.advfn.com/stock-market/AMEX/microsectors-us-big-oil-NRGD/stock-news/87450111/free-writing-prospectus-filing-under-securities
The Russian foreign minister, Sergei Lavrov, has said he believes some foreign leaders are preparing for war against Russia and that Moscow would press on with its military operation in Ukraine until “the end”.
Lavrov also said Russia had no thoughts of nuclear war, according to a Reuters report.
Offering no evidence to back up his remarks in an interview with state television, a week after Russia invaded Ukraine, he also accused the Ukrainian president, Volodymyr Zelenskiy, an ethnic Jew, of presiding over “a society where Nazism is flourishing”.
He said he had no doubt that a solution to the crisis in Ukraine would be found, and a new round of talks were about to start between Ukrainian and Russian officials.
But he said Russia’s dialogue with the west must be based on mutual respect, accused Nato of seeking to maintain supremacy and said that while Russia had a lot of good will, it could not let anyone undermine its interests.
Do you realize the 2 ETFs I am using to short CRUDE may reverse split or be shut down?
DRIP
NRGD
I am playing with fire!
Limit buys
DRIP $3.00
NRGD $2.82
Well it's 1500/bbl here!
https://www.cnbc.com/2022/03/03/turkeys-inflation-rate-hits-a-new-20-year-high-of-54percent-.html
He should probably drop rates further and bring it under 2%. Ag should do well this year in his country if he can avoid getting mixed up in his neighbors dispute.
Plan on not importing Almonds this year!!!
https://www.trade.gov/country-commercial-guides/turkey-agriculture#:~:text=Turkey%20is%20a%20major%20producer,growth%20and%20new%20product%20introductions.
Everything going parabolic.
A few called for $120.00
I thought that would be a possible "highest price" during this crisis.
In my plans, I leveraged my short EFT in beginning at $100, then $105, $110 and finally $115.00
This morning I will take my last move in at $115.00
$143.67 would be a double top from 2008 high.
But I'm sure you know what comes next after that right!
Question now is, which home builder is most exposed to leverage.
I decided to wait until Texas CRUDE $115 before making my next SHORT purchase.
LONG GOLD to $2,100 IMO
John, you've been pretty much on target with your price predictions and dates. Crude oil might continue to rise, though....really hard to say. These are unusual times, for sure.
If shorting CRUDE I feel it may be prudent to save 10% of funds to buy at $120.00 (the ultimate top). IMO
NRGD currently $2.93
3X INVERSE CRUDE
When this thing pops, watch out!
CRUDE testing $110 for the 3rd time. Will stay high until March 7th. IMO
GOLD only $161 from target.
03/02/2022 Buy 10 Shares of DRIP Limit at $3.15 (Good 'til Canceled)
03/02/2022 Buy 10 Shares of NRGD Limit at $3.00 (Good 'til Canceled)
CRUDE may make one more push towards $110 before slowly headed back to $65.00 where it belongs. All this by March 7th. IMO
I was referring to everyone else.
Way outside top BB! RIP!
https://schrts.co/pthmjkka
Phase 3 just around the corner $105.00
$110.00 is the top and last 1/3 invested
IMO
I don't CALL or PUT.
How many days does your broker let you hold margin calls?
I'm thinking that Wed around 3:30pm will be fun.
IMO
5 more trading days to find the top. So far
CRUDE $100 and GOLD $1,900
“Canada will continue to deliver support for Ukraine’s heroic defense against the Russian military,” he said, according to Reuters. “We are announcing our intention to ban all imports of crude oil from Russia, an industry that has benefited President Putin and his oligarchs greatly.”
At a news conference held by Vasily Nebenzya, Russia’s ambassador to the U.N., Nebenzya took a phone call and confirmed shortly afterwards that 12 diplomats had been declared “persona non grata” by US authorities and instructed to leave by March 7th, according to the New York Times.
Nebenzya called the expulsion of Russian diplomats a “gross violation” of the US’s position as the UN host country.
“There are a lot of countries that understand what the Russian position is and what it is doing and why,” said Nebenzya.
If they accept this... kiss the $USD goodbye.
President @ZelenskyyUA signed #EU membership application for #Ukraine. This is the choice of 🇺🇦 and Ukrainian people. We more than deserve it. pic.twitter.com/FRhLTfyjvJ
— Denys Shmyhal (@Denys_Shmyhal) February 28, 2022
March 7th. IMO
CRUDE $96.43
target $100
$105??
$110??
GOLD $1,910.90
target $2,000
$2,050??
$2,100??
My previous date for top, March 7th
In 8 days
IMO
Lehman 2.1!
https://www.reuters.com/business/russian-cbank-orders-block-foreign-clients-bids-sell-russian-securities-document-2022-02-27/
You know what happens during a liquidity trap right.
Take your VIX shot early and hedge undefended positions.
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