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
23,473 Blog Posts

RUSSIA THREATENS WEST: DO NOT ARM UKRAINE

It doesn’t get more explicit than this:

RUSSIAN FOREIGN MINISTRY SAYS THOSE SUPPLYING LETHAL WEAPONS TO UKRAINE WILL BEAR RESPONSIBILITY SHOULD THESE WEAPONS BE USED DURING RUSSIA’S MILITARY OPERATION – IFAX

Markets legged down on that news and are now at session lows -555.

We were enjoying respite, but then this press release sucked people out from their transgendered fantasy land and make into the battlefield of suffering.

I had gone heavy cash, but nibbling at UVXY and SQQQ to hedge. I have ATSG which does cargo shipping for the DOD and a little DNN, BWXT and CCJ for exposure to nuclear energy and uranium. My potash position is MOS and I own some BOIL in case Europe freezes over, amongst other things.

Towards the end of the session, I want to have exposure to commodities and have it hedged just the way I have it now, only bigger.

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2 comments

  1. tha pirate

    Wait for the leftist lapdog media to brainwash folks into forgetting the inflation, open borders and shutting down of Keystone Pipeline the FIRST DAY Jim Brandon came in…

    Then they’ll blame the entire mess on the ‘Orange Man’s friend’, Vladimir.

    -and some leftist morons will actually BUY IT.

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