iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Commodities Bounce: THERE IS MORE TO COME

Hello there laddies.

Are you gents going to bet all of your monies on the ponies this weekend? Before you do that, consider the fact that oil is bouncing with the fury of 10,000 hungry lions trapped inside a room filled with scrawny ANTIFA protesters.

Oil is edging higher by nearly 2% and the underlying stocks are cracking skulls to the upside — higher by 4%.

According to Exodus, this is merely day 1 of this move. There is a lot more to come.


see that low point hit yesterday? MORE TO COME.

You can get in there and get long some faggot ETFs like XLE and SLX. Or, you can behave like a man, and buy some masculine stocks like RIG, ESV, OAS, FCX and X. I suppose taking this plunge takes a varying degree of certainty, faith in a sector that has been beset with losses. Investing is not for everyone. Either muscle up to the basic resource sector or go piss in your pants while eating a vegan meal.

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7 comments

  1. mensch

    $CLF $UUUU $ATW $SN $UEC $JCP

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  2. bushwacker2

    Superfecta weekend.

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  3. bubbles

    UEC FTW!

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  4. cancel19

    Hell yea bring it on: $CHK $HAL $SWN $XOP $DNR $CENX $PPLT $X $XKS $FMSR $HAL.

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  5. walter2166

    Get some $ECR. 70% roi at current strip.

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    • moosh

      Ooh, thanks for the name.

      Also, unless the world ends again, it looks like a lot of the offshore drillers have finally priced in everything and possibly bottomed.?

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  6. mad marsupial

    What was that ‘flash crash’ all about? https://finance.yahoo.com/news/oil-went-flash-crash-overnight-150126314.html

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