VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Richby30]

Funny thing is all it takes is one major headline and crude oil could be $70+ overnight. Consider how much the U.S oil market has been cut back, in another quarter when supply and demand really re-balance the flood gate is open. No amount of naked shorting will be able to manipulate that squeeze and mega bull rally. Today's spike was some short covering, only a fool would hold a short position on a commodity like oil over the weekend. The mid-east is a powder keg and lets not even mention that the second Saudi Arabia decides to cut production and bring the price back up they will. Only those at the top of the pyramid scheme, who are buddy buddy the prince, will know precisely when that will be. I have a feeling that it is coming much sooner rather than later.