VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[sludgehound]

Less China more India

Notice the Russian shift to India for oil & natty since blowing so much coin in China compared to what they've actually gotten in return.
India could be saving grace. Lot of promise there for a while until/unless China can regain footing.
I'm not so worried yet about China's expansionary behavior if it is that given lot of their stuff is retooled discards. Maybe later. Not traditionally a Pacific threat plus Japan just made a policy shift regarding foreign military direction. That made front page of NYT to send some signal that game is still 'in balance'. Until someone upsets the apple cart in Mideast we're hung price @50. With some far out guys saying maybe even no rate rise until 2017 the fun just beginning.
Catch later.