I'm not sure there is an easily exploitable edge in shorting Russia right now. In fact, I think RUSL would be a better play on any 2- or 3-day Brent smackdown.
Hey Croesus, what is the 3x bear fund for the dollar? And is there a 3x bull fund for India? Reason I'm asking is the recent hints emerging out of India on the new PM Modi's plan for "idle gold". This article mentions a new Indian gold coin, and a proposed "metal bank". As these plans take shape, IMO India could rapidly transition into an economic world power, combined with their educational advantages and their emerging technology sector.