A rather ironic ticker symbol, no?
I like crude here and am a HUGE fan of the Saudi-Trump cabal, which mandates much higher crude prices. In exchange for Saudi’s cooperation with Trump’s plans in the Middle East, the price of crude shall be walked up to $100. The added bonus of $100 crude is the amount of new jobs that will be created in American shale properties.
As such, I bought some PUMP — a relatively new issue that wants higher.
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Once trading begins, on March 26, in yuan-denominated crude oil futures contracts in Shanghai, the Saudi-Trump colluding cabal will be out of its depth…not even another false flag will derail the de-dollarization in oil trade.
Oh the irony. GUSH.