Imagine not going all in USO just because some dumb niggers from Yas Forums told you so. The same retards that unironically hold a bag with hundreds of thousands of dollars in a literal nonexistent commodity and think they will become multibillionaires.
>guaranteed 6x EOY
How long will this socialist money-tap be open though? US is turning into 70s Britain.
Jesus christ, more BRRRRR?
Permanently. QE to infinity and beyond.
>Going all in on USO
>Demand still exceedingly below production even with the new OPEC agreement
>No chance demand will exceed production for the next few months
You're so smart OP, buying in because Trump said everything's gonna be okay
USO is such a shitty method of making an oil play. Most people dont know that it's not even tied to oil prices it fluctuates with futures prices
too late fren. i already went all in on scrap metal
>keep zombie oil companies afloat
>bullish
I did, get on my level bearcucks
I don’t feel like looking up the tweets, but DJT always gives pointers on what to do when shit crashes like this. Notice how he said “long”, he didn’t have to say that. He has done something similar in the past, giving a synonym for either long or short. Long USO, but a couple of weeks to a month from now. Normies will go long but will get bull trapped. It literally ALWAYS happens
>Muh 8D checkers
Based USO poster, although it would be prudent to wait a little longer and let things play out. I don't think it's bottomed out yet.
Even if Donald Pump is secretly giving us financial advice, it would be much safer to invest in an oil major rather than oil as a commodity. As soon as oil goes up even a little bit, shit like XOM or RDS will probably moon because retards like me believe that's how the market should work.
>Even if Donald Pump is secretly giving us financial advice, it would be much safer to invest in an oil major rather than oil as a commodity
He's not giving advice, he's tricking dipshit normies into diving into something they don't understand so they can give all their fucking money to his Hasidic friends.
rds xom, u get what, a 2x
For uso it would much more, along with risk as well tho.
I balls deep all in when it hits sub 1$
>when it hits sub 1$
that happened yesterday
Uso price
it's probably not going to go sub $1 at this point
people are already clued in to what's about to happen meaning 2.40 is probably the lowest it will go
I hope I'm wrong because I too want to go all in on sub $1 shares but be honest with yourself user
same way you fuckers went all in 2 weeks ago when he tweeted about russia and the saudis and the conference? shit user, I don't expect you to be warren buffet, but I hoped you would have some basic inductive reasoning skills.
It will
Donnie's only bailing out the companies you tard, not the ETFs that only trade in futures
In fact subsidizing them so that they can't go under will keep supply high and push the prices even lower
When do the retards realize that the government can't bail companies out of this?
We just saw the futures for oil dip to negative 37 dollars at the worst yesterday, and we cant compete in the slightest against Russia and the Saudi's pissing match. At the same time America and China are grabbing millions of barrels of oil for their strategic reserves in a desperate attempt to reduce supply.
Do you really think that American Oil companies stand a fraction of a chance?
Why don't you just light your money on fire? it'd be more exciting to watch your dollar burn than slowly zero out to nothing over the next few months.
The more money you put into Donnie T's tweets, the more you're gonna be seething.
Right wingers have absolutely lost the plot
Nah, not even man. I’m not one of those retards
I agree, commodities are really sketchy to invest in. Commodities always follow majors.
If normies didn’t invest, the stock market would be stagnant as fuck. If you ever invest in something, make sure to get a normie’s perspective and factor that into your final decision
Majors are safer because they follow commodities
Demand can rise, all you need is the Federal government buying up a stockpile. Now's a good time from a practical perspective
Holy shit. How the fuck is the economy still a thing if you have to bail out oil? OIL for fuck's sakes. Doesn't this mean that pretty much everything else is beyond fucked?
If you put money is USO you are a fucking idiot and shouldn't put money in the market at all. Shows you have no fucking clue. You don't even know what USO is or have read a prospectus in your fucking life.
Yas Forums fucking sucks. Go back to talking about your fucking made up internet dollars.
Fuck I just imagine some fucktard on here buying into oil and then acting fucking surprised about delivery, having to cancel and losing even more fucking money. Everybody on here just thinks because something is "down" it's time to buy. It's why no one here makes money
the last time trump shilled “cheap” oil uso was Over $4 and the shit was 25, now USOs looking at bankruptcy. it’s like he dosnt care if you lose money
...
They're talking about bailing out oil specifically because of what the Saudis/Russians have done.
Basically, they're fighting over marketshare in Asia but that's killing US oil too.
I wouldn't be surprised if Trump outright cripples Saudi Arabia over this. He's already shown he doesn't give a shit about even close alliances and it's clear he doesn't trust the Saudis.
Doubt that would be in time to save US oil, though.
It's going to be delisted you colossal faggot.
You guys don't understand how these ETFs work huh? Get out out any oil etf that tracks crude prices.
Fucking L O L. National stockpile only has so much room left. Filling up the stockpile is only a few days worth of demand. Long tankers if you don’t want to lose your shit