RE:US DOLLAR EXPLODINGBlack Friday...Sept 23, 2022?
Crude is down 6%.
Some energies we know well are down up to 10% in a horrible bloodbath.
Many margin calls, and a rush to cash.
The horror! The Panic!
Everything is being sold.
Your gut feels sick, and you feel like throwing up.
Those that have been around have seen this before.
Yet this is what I have been waiting for.
A perfect storm of capitulation and market meltdown, yet with strong energy fundamentals remaining.
Me? Although down 7 figures today alone, I bought more SU and CVE on the US side. Can't pass up this opportunity.
Technicals have been breached for SU on the US side, as well as other support levels. That will happen in a meltdown.
Could it drop more? Sure.
Everyone must decide what to do for themselves, but if you can't sleep, don't do it.
GLTA
pooltec wrote: Is causing alot of the oil crash, but $ cannot go to much higher approaching 20 year high.
Blls of steel or wimp out; very painful right now.