Breaking my rule if Oil drops to $15p/b

Nowler

Experienced member
1,343 158
Yes, over 9.2% in a short amount of time! I was going to hold it, but I am totally commited to another long term trade and want to preserve my margin.

I hear Ireland are going to remain on lockdown for another 2 weeks, and then ease the economy open again, bit by bit.

UK are going to announce their exit plan Thursday i believe.

On it current trajectory, I can see global oil demand increasing somewhat by early to mid June. Not enough to sort the glut, but it's a start.

Should all go well, I can see significant economic improvement by August. We'll still be in a recession of course, but even that is better than a standstill.

In the land of the blind, the one eyed man is king
 

Nowler

Experienced member
1,343 158
No, no, no. That's H. G. W.

Clue - 1951.

:)


Ahhhh
You are talking about The Day of the Triffids!

And Cantagril is talking about War of The World's?
 

Nowler

Experienced member
1,343 158
Just thinking...
Surely investing in Silver would be -in away - better than Oil?
Or at least similar.

Gold would be better than Silver, but for me, Gold is a no-go
 

MasterOfCoin

Well-known member
464 169
Well,
Just thinking...
Surely investing in Silver would be -in away - better than Oil?
Or at least similar.

Gold would be better than Silver, but for me, Gold is a no-go
Well, yes, precious metals are certainly a better store of value and less volatile in price than oil.

But Gold is subject to mandatory reporting requirements and (like similar valuable commodities) at high risk of confiscation in times of fiscal stress like war, global economic meltdowns, etc.

Better to stick with things that are less likely to be legally stolen from you, by virtue of those things being more trouble to reassign handle or repatriate than they are worth to steal, lol.

:)
 
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