Archive for the ‘tbt’ tag
Great short video presentation on the dollar (2007)
Although the below film is outdated and does not reflect the recent swing towards the dollar, it rings true and projects where it will go. I don’t see the other currencies being too successful either though, considering they aren’t gold backed either. That is why I strongly support gold silver and oil (GLD, SLV, USO or BP). I own USO and BP.
USO up 26% in a week. Time to sell?
Not necessarily. USO still has upside. It might experience some short term profit taking, along with the rest of the market, but this is a great hold until oil gets to about $60/barrel. At that point it could hit a trading range and could trade sideways for a while, but we’re still at $46, so hold onto it. I recommended keeping an eye on this ETF back on November 30 and I got into it when oil was at $37. If oil goes down again, jump into it.
