GUSH to the moon
Updated
Today, Houthi rebels blew up half of Saudi Arabia's oil production. Oil is up 9% tonight, which means GUSH, ERX, and other oil and gas securities (i.e., GE, RIG) are going to go to the moon tomorrow. I'll be buying at the open of the premarket session.
Gold and other metals should also benefit from the general sense of international insecurity, so NUGT, JNUG, and FCX are also decent buys.
Gold and other metals should also benefit from the general sense of international insecurity, so NUGT, JNUG, and FCX are also decent buys.
Note
So I woke up at 4 am Eastern Time this morning to place a premarket order on GUSH, only to discover that it apparently doesn't trade at that hour. So instead I switched over to UWT (the Velocity Shares equivalent of GUSH). By the time I got my order queued up, it was already 20+% above Friday's close. I figured that we'd get up a total of 30% today, but still, I didn't like buying it that high. So I bought a few shares to scratch the FOMO itch and set up some limit buys in case it dipped sometime during the premarket session, then went back to bed. It never did dip. So I made money on the shares I bought, but it wasn't much. I did better in gold miners today (JNUG), which I bought on the dip after market open.
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