Making Money with Hurricanes is Fun: Stocks, Gold, Oil All Higher

I see there’s another hurricane, named Irma, heading towards the east coast. It should become a Cat 4 soon and my only generator is broken. It looks like I might soon float away. No worries, “The Fly” is equipped with a space capsule and will simply ‘zip’ away from the floods to come.

Stocks are fucking ripping again. Nothing gets the animals spirits going like death, mayhem and destruction.

More than 50 NASDAQS have been added to the national treasury. In addition to that, gold is, once again, much higher — by 0.6%. Did I mention that I am heavily long gold? I’ll need it when my house is destroyed by Irma.

WTI is higher by 2.6% and Brent even more. The spread between WTI and Brent widened after Texan refineries went offline. There simply wasn’t demand for crude, since they were closed. As they begin to reopen, expect the spread between Brent and WTI to tighten again.

This is truly a great day for stocks. Healthcare is up most and everyone I know is simply lying around eating grapes, drinking gin fizzes, having a grande olde time.