Wednesday Worries – Syria has SocGen Calling for $150 Oil!

That's a lot of money for oil.  That would put gasoline up around $5 per gallon so the easy trade here is to grab some /RB Futures contracts ($3.07) and, at $420 per penny, per contract, a single contract would pay us $81,060 if gasoline hits $5 – that's enough money to buy a Tesla, and then we never have to buy gas again!  

So, for anyone who believes the idiocy being spun by Societe Generale or their other Bankster buddies as they bang the fear drum, accompanied by their MSM puppets – just buy a single, long gasoline Futures contract and you'll find yourself rooting for death and destruction in the middle east.  

As you can see from the chart of oil Futures above – there's still plenty of money to be made on the short side as we only play the crosses BELOW the .50 lines and, even though oil went over $110 and fooled us once for a quick stop – it went all the way up to $112 without a retrace, then fell all the way to $111 for a $1,000 per contract gain and then fell through $111 to $110 for another $1,000 gain and then through $110 to $109.50, for another $500 gain.  Our job is just to stay in position, ahead of "The Big One" – like we had in the Summer of 1987:

Unfortunately, we slept through the big one but we caught the $110 to $109.50 leg this morning in Member Chat and now oil (/CL) is back at $110.50 and we'll risk another dime ($100 per contract) shorting them again.  If we cover ourselves with the gasoline long, we risk $840 with a stop at $3.05 but we're very well covered for any pops in the oil Futures and (see yesterday's post) we really don't think any spike in oil will last very long.