AMEX:OIL IPATH S&P GSCI CRUDE OIL TOTAL RETURN INDEX ETN
We are still scaling long slowly with tiered position sizes prepared for $2-3 lows here (or conversely in about $10-20) however we are prepared to start buying aggressively if we crack $5 (or conversely in about $35). We believe this is a very rare commodity trade and is worth mentioning for those who are interested in buying and holding for much higher prices in the future. It's entertaining how battered oil has become. Remember that this commodity is in everything, from paint, to tires, and of course the fuel in our cars. Supply and demand is often artificially controlled depending on world macro social and political events. Don't miss out on this lucrative long term opportunity, however do be warned that the peak highs in oil may possibly never be seen again - but this does not rule out overall higher pricing in the future based on where we are today.