VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Nebuchadnezzar]

wow. enough is enough. as we approach june almost one year since oil dropped like a ronda rousey opponent, everyone better have a much better sense of just how rigged the oil markets are and have been for the last 20 years. speculators and Saudi kept oil over $100 for 5 years and it $12-$150 back in 2007-2008 on fears of peak oil. now WTI can barely move back above $60 and it keeps falling as it hits $61.

unless WTI rebounds quickly from here to $70-$75 UWTI is going to be dead money unless you got in under $3-$2.75 level.

as for DWTI--tempted to add this week as long as it stays under $65.

whats worse is, the dollar has given up nearly $.05 and EURO has risen nearly .10 since bottom when oil hit as far $42.?? and now as dollar weakens, oil is struggling to move up at all.

if oil does not hit $75 in july or august contract, the top is likely in for the year soon and DWTI will be way to go as oil prices fall in the late fall and winter months unless OPEC cuts production.

I smell chit

also the markets continue to hit all time highs even though recession is possible in next 18months based on the way big companies are actually using capex and rising interest rates in near future.

where is the volatility???????????????????????????????????????