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New Short: Oil


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#1 linrom1

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Posted 05 September 2024 - 09:25 PM

 

 
#OIL will collapse! The #FED is about to CRUSH the Economy. First #Disinflation (Bullish Risk Assets) Later #Deflation Enjoy!

 



#2 Rogerdodger

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Posted 06 September 2024 - 12:46 PM

UCO and SCO are long and short CO (Crude Oil)



#3 12SPX

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Posted 06 September 2024 - 01:25 PM

Oh my if we saw $11 oil, I think the economy is going to go into a depression.  Now I think it is going to get ugly next year no matter who the President is but oil that low, ouch!! 



#4 Rogerdodger

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Posted 06 September 2024 - 03:18 PM

Pump, dump and reinflate.

 

Reportedly, Buffet is in record cash ready to buy cheaper. Currently reported to be $277,000,000,000!

 

The last time, our local ACME Brick and grandpa's sand plant was bought by Berkshire. cheap.

Then, for the first time, I began seeing his name on local real estate signs.

 

"Warren Buffett recently sold over $75 billion worth of his stock holdings, including big chunks of one of his biggest holdings - Apple.

The legendary investor is currently sitting on the largest pile of cash that he's ever had Berkshire Hathway - Warren Buffett's holding company - currently has $277 billion

 

 

Buffet at record cash: https://youtu.be/0f0...KEsFrt-bPU2Q8Uu



#5 steadyquest

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Posted 09 September 2024 - 01:51 PM

But inflation is not a scare - it is a perpetual reality.

CPI.png

 

Another possibility.

Crude.png

 

Still waiting for them to sober-up.

https://wolfstreet.c...or-a-recession/

 

Tap your heels together three times and think to yourself 'inflation is here to stay'...



#6 linrom1

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Posted 10 September 2024 - 10:58 AM

Doomberg on Oil



#7 steadyquest

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Posted 10 September 2024 - 11:28 AM

Good call on the oil short - but maybe too much company?

https://www.zerohedg...lish-oil-record

 

Another possibility.

oil-usd.png



#8 beta

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Posted 10 September 2024 - 11:31 AM

Nice call.  Time to reverse and buy USO for a trade.


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#9 Rogerdodger

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Posted 10 September 2024 - 05:23 PM

The (almost) Hurricane is having little affect on the Gulf oil platforms thus far.

New Orleans doesn't look good for the next several days.