$ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ Oil ...
$ProShares UltraShort Bloomberg Crude Oil ETF (SCO.US)$ Oil price is expected to continue to dip as world ecnomy slow down is expected to continue. When Fed drop its rate expected in September this will be further indication that economy is in trouble. I expect crude oil to drop to around $50 or lower. SCO target $20 to $25.
As world economy slow down, national debt continue to rise, interest rate cuts, and market money rotation from mega cap companies to mid to small cap companies, it is critical to include precious metal in the investment portfolio to oreserve wealth which most retailers are ignoring. World central banks continue to buy gold each months and institution will soon rotate into gold and miners after Fed cut its rate for the first time. Beat the crowd and ride the wave up.
I would recommend gold, silver, and miners. As gold are breaking new all time high, miners will also achieve historic high margins. This is expected to continue into end this year and entire next year. Just something to share and for everyone’s consideration. I would suggest looking at GLD, GDX, NEM, GDXJ, SLV…etc. However, this is not financial advise. Please do your own research and be reposible for your own investment decision. Do not blindly follow any posts or anyone.
Be level headed. Consider all investment potentials. Avoid the crowd and beat the institutional games of dumping on retailers.
Cheers and good investing!
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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