I’m selling ERY, EUO, and covering UCO at the open. Depends on how the sales go, but basically a huge loss realized in UCO, ERY is probably a small loss, and EUO I think is still up a smidge.
I needed to see the coordinated efforts first hand. The problem was just too huge to hang around and hope for a resolution. But now that I see old Benjamin hasn’t lost his touch, I can get behind the Merriest fucking Christmas rally you’ve ever laid eyes on.
The Europeans have bought themselves at least two months. Probably three. We’ll reassess where things are then.
Happy freaking Holidays.
If you enjoy the content at iBankCoin, please follow us on Twitter
Indeud.
Cain
The Fed’s action most likely means ECB monetary ease isn’t too far behind.
Probably.
I still think the euro is going to par with the dollar, just because of how much money the EU needs. But for now I will play along.
I see you’re getting long oil now.
Time for silver as well?
Yes.