VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Nebuchadnezzar]

my UWTI vs DWTI hedge is working like clockwork.


WTI break $60 soon? then $70? $75 could be tough

fyi gas prices in CA are back over $4 again an oil is at what?? n0t $80, not $90, not $100 but $59 a barrel.

looks like every person that thought lower fuel prices would stimulate the economy are going to be proven dead wrong.

if oil gets back anywhere near $80+ California is screwed

5th largest economy in the world and consumers will be strained yet again just when everyone thought things were hunky dory.

oh and there is a major drought there too