% | $
Quotes you view appear here for quick access.

Teekay Tankers Ltd. Message Board

  • pb_harris4 pb_harris4 Jun 3, 2013 11:12 AM Flag

    If you are long TNK

    Then I think there are two etf securities that you should also be keeping a watchful eye upon that both relate to Japan: one is the EWJ etf for the equities market and the other is the YCS for the currency itself. I think that the situation is getting very interest but necessarily good for us. It looks like a massive short squeeze could be bfewing in the yen because it has become so massively crowded as a short. Just because a central bank is printing up a currency it does not necessarily follow that the market is going to selloff the currency so that it becomes devalued. Just look at the US dollar the past six months. You might also want to keep an eye on the GLD and the SLV if not also the GDX. Obviously, you watch the oil market and the tanker rates.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
3.940.00(0.00%)Apr 29 4:02 PMEDT