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
20,993 Blog Posts

Major Pop in Crude — I Don’t Trust It

One of my thesis plays is inflation. Under a weak dollar and higher inflation oil does well, very well indeed. This is lining up similar to 2007, housing bubble edition, when oil cremated shorts and went above $125 and walked around naked with its long dick. I must tell you, I’m not a fan of crude and EV at the same time. It seems stupid to me. Nevertheless, I trade GUSH today for 4%.

I traded my out from a 100bps hole and now have gains of 75bps. I can literally make coin at will. This is not the point of the blog. The point I am trying to make is oil is the devil. I don’t trust it and I don’t like the men who drill for it.

If you really wanted to play inflation, well then, look towards miners and Ag. Might I interest you in a little potash, good Sir. I have a position in MOS and it looks cheap.

Presently, the market is easy to trade. My coffee is hot and the quiche Lorraine is almost done in the oven, so I need to fuck off now.

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2 comments

  1. the_wolf

    im an oil man, through and through +143%, with alittle crypto sprinkles,…

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  2. kool-aid

    fbi, please check out the radicalized domestic terrorists on this website

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    • 0 Deem this to be "Fake News"