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ProShares Ultra VIX Short-Term Futures Message Board

gowestb777 15 posts  |  Last Activity: Jul 8, 2016 3:45 PM Member since: Sep 21, 2009
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  • gowestb777 by gowestb777 Jul 8, 2016 3:45 PM Flag

    $13.28 at the moment on the VIX. No "fear" with a continuing mass exodus of mutual funds over the past 17 weeks. We stand at historic highs. We have "blowout" employment numbers (for minimum wage jobs). We have a "don't think. Buy the dip" mentality prevailing. We have the most dysfunctional government I've seen in my 52 years. But all is well? Perhaps the managers (governmental forces/central banks) of the VIX are done being honest? Does this seem "normal" to any thinking person?

  • Reply to

    Crazy

    by bigmountaindawg Jul 8, 2016 9:03 AM
    gowestb777 gowestb777 Jul 8, 2016 11:29 AM Flag

    Exactly right! Barclays is making so much money on this from speculators that it won't close it! As a speculator (me) this has been a disaster because: Decay of about 3% per month on top of the FED pouring money into the SPX contracts! and a provision in the product where there are PAID TRADERS (read prospectus) who's job it is to keep the price in line with the VIX. Hmmm,,, Could that be manipulated there too? Just sayin'

  • gowestb777 gowestb777 Jun 23, 2016 11:28 PM Flag

    If they'll slam VXX nearly 15% on the "possibility" that Brexit will not happen, what happens with a shocking LEAVE Brexit outcome? The world financial ministers are shocked and scrambling now at the prospect. IF they can find a way to upend the will of the English people, the will! If not... the VXX will uncork.

  • Reply to

    HOW IS IT SPX VIX UP OVER 13.85%,

    by gggw312 Jun 22, 2016 3:57 PM
    gowestb777 gowestb777 Jun 22, 2016 8:46 PM Flag

    Great question! Janet... care to answer?

  • gowestb777 by gowestb777 Jun 15, 2016 11:31 AM Flag

    So which will it be? A strong dollar and/or obvious "glut" that pushes crude lower... Or... a concerted attack on the US dollar driving oil higher in spite of any surplus? Anyone think they know?

  • Reply to

    Badly wounded sheep checking in...

    by gowestb777 Jun 10, 2016 8:36 AM
    gowestb777 gowestb777 Jun 10, 2016 1:16 PM Flag

    Because my company terminated my pension... I have little time to "recover" I'm broke either way.... I cannot tell you how much I want no part of these markets. I'd far prefer to take what money I have and go start a business with it. At least I control (to a greater degree) the outcome. But... our very corrupt system prevents me from getting to my 401K money. They force you into their paradigm... which stinks! Your point is well taken though.

  • Reply to

    Badly wounded sheep checking in...

    by gowestb777 Jun 10, 2016 8:36 AM
    gowestb777 gowestb777 Jun 10, 2016 11:50 AM Flag

    I've told you that I am the worst trader : ( I reached a point of "maximum pain" ... told my self I'd hold off (selling DWTI) and the next 2 days they pushed oil yet higher, against all fundamentals I can see. Looks like we've broken the ST trend line, so... I will wait and see if they bring on the algos to push oil up again today... May have to book another loss on this...

  • Well pjnj.... This is remarkable. After being thoroughly disgusted with my stream of losses with DWTI, I took a small position on UWTI (holding my nose.... and breath!) Call me Dennis Gartmen! Down nearly 8% in 2 days. What have the markets come to when you have to guess where "the non-economicly driven forces" are taking the markets?
    Getting to the "brass tacks", you can ask what will drive oil higher or lower from here? Figure that out and, well, the rest will be history. Here's the two biggest variables I see: #1 The USD (which our politicians and the FED have decimated, thereby screwing the American worker and retirees (and anyone holding USD). If the dollar crashes, oil goes higher. #2 oil demand destruction as we are IN a global recession (global GDP growth? a joke!). Of course, there are many variables driving both #1 and #2, but WHICH ONE WILL HAVE THE GREATEST IMPACT? Will both get worse? Since oil is so crucial to many individual global economies, they will continue to prop it up? China growth? No way. India growth? Maaaaybe? US growth? Not a chance! Unconscionable debt. European growth? It's a mess too.

    But then... I stumbled across this: I was struck by one particular link at this site "Cost of production" by country. If you look at this year by year, you can see the DRAMATIC "breakeven" cost of crude production skyrocketed after the launch of QE1... What this implies to me is this. THEY EITHER GET OIL OVER $100 pB or we're looking at massive wars to "reset" the imbalances. See what you all think. There is quite a lot of info here. Disclaimer: I have NOT verified their data. https://knoema.com/infographics/rhikhqf/what-drives-global-crude-oil-prices

    My takeaway seems to suggest this: They WILL manipulate oil higher. If they fail, buy ammo...

  • gowestb777 gowestb777 Jun 9, 2016 1:20 PM Flag

    pjnj,
    Your response made me laugh. Since I am the worst trader in the history of online trading, I will defer to you for a little while and see if you're right. I have been 100% wrong, so perhaps going against everything that I think may work. LOL . I take nothing to heart, but others do, so don't antagonize the board. ; ) Your English is fine. Not sure where you are from, but I'm confident your English is better than my Mandarin, Cantonese, etc....

  • gowestb777 gowestb777 Jun 9, 2016 9:14 AM Flag

    OK pjnj...
    I'm one of those guys who believed(S) that the manipulation in these markets has driven this unprecedented rally. It's cost me plenty (one of those "sheep" as you like to gloatingly say). It's true that I really don't like your online persona, but... Tell us where you believe oil is headed and WHY. After all, since you're omniscient, please share. I'd like to get some money back : ) Remember is useless to just say "I'm right, you're wrong". The FUNDAMENTALS, as I see them warrant a LOWER price. Still, I remember how "they" absolutely crushed $48 silver not too long ago. So that game here is being on the correct side of the manipulators and having the presence of mind to get swiftly out of the way when fundamentals matter again (and the ALWAYS do). It's just a question of when? "Mi how" (if you're Chinese).

  • Reply to

    Major market mover

    by gowestb777 Jun 3, 2016 6:27 PM
    gowestb777 gowestb777 Jun 4, 2016 7:17 AM Flag

    Honestly?... Please review the meaning of the word "satire".

  • gowestb777 by gowestb777 Jun 3, 2016 6:27 PM Flag

    Huge Fire Erupts After At Least 8 Oil Cars Derail Near Oregon - Live Feed

    Can't wait to hear the spin off this one to ratchet the market higher on Monday. The algos ought to be good for good for 4% at the open. ; )

  • Reply to

    Dollar crushed on jobs report

    by gowestb777 Jun 3, 2016 9:23 AM
    gowestb777 gowestb777 Jun 3, 2016 9:28 AM Flag

    I find it fascinating though... that when WTI begings to march lower, you see massive vertical updrafts (boom-green-boom green!) That can only be intervention. The moves are too extreme and volume too high... Tough to bet against that...

  • I expected DWTI to really tank on this. Yet, if you think about what is happening in the macro, perhaps this makes sense. If jobs are being slashed , so too are corporate profits, it would seem. The global economy continues to slow... The US has a jobless recovery, with massive debt. China is slowing... Who is going to take down that massive crude overhang? This is going to be interesting...

  • Reply to

    TOLD YA SHEEP....

    by pjnj_happy Jun 2, 2016 11:58 AM
    gowestb777 gowestb777 Jun 2, 2016 2:47 PM Flag

    I know if feels great to hold bragging rights... but remember a pendulum swings both ways. The laws of physics requires this... Energy and momentum is all that is required. What happens when that is removed? As the worst trader (probably in the history of electronic trading) I think we will reverse course. So there you have it. The "call" from the worst trader here. So... you may continue to brag for a time yet... We shall see.

UVXY
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