Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Black Swan event

While I did buy some GLD and GOLD calls, with the expectation and fear that there will be a currency crisis and debt crisis, I did not expect an oil crisis of this scale. If the facilities are really so damaged that 5 million barrels of production are going to be off line for weeks or months, it will be a disaster. There is also the problem in that if one strike could do this much damage, then all of Saudi Arabia's production of something on the order of 10 million barrels per day is at risk.

While Russia will benefit from a rise in oil prices, China will certainly not benefit from any of this.


Louis J. Desy Jr.