I don't trade anymore. But sometimes the game pulls me back in when I see something with **painfully** obvious upside.
Oil is HISTORICALLY low in Gold terms. It makes zero sense.
Long dated, deep out-of-the-money calls on USO (Jan/27 strikes) are available for prices that would get you a return of 20x plus if we even just mean-reverted WTI/Gold ratios... never mind if they dislocated upward in a conflict escalation.
Not financial advice. Just posting a signed message on the best social protocol for future record.
Chart credit: https://www.yesigiveafig.com/p/oils-well-that-ends-wells
(I disagree with the thesis that Gold is cheap in the current climate. INCONCEIVABLE!)
Chart credit: https://www.yesigiveafig.com/p/oils-well-that-ends-wells
(I disagree with the thesis that Gold is cheap in the current climate. INCONCEIVABLE!)