I say, trends in silly moneymaking funds like USO and UCO, UWTI, etc are a great way to get rich, but as my great grandfather said and his great grandfather before him, "Always know where $50 is."
This chart is meant to show you exactly that in relation to USO.
Why does USO do this funny little contango dance around oil? Why, that's for another post my boy!
Oh jolly good heavens! Haven't we been riding this petroleum roller coaster long enough to know what separates the ups from the downs, the buys from the sells?
Here are a few comments I have overheard in the office war room over the last two years. You would think the petroleum market would be an easy case of oil rags to oil riches. Ha! If that were the case,...
