Monday Market Melt-Down Continues – Day 12 of the War

“I’ll never know war

And if I ever know it

The glimpse will be short

Fireball in the sky

No front line battle cries

Can be heard as the button is pushed by a soul that’s been bought

And the armies remaining will judge without people or courts

And there’s no point pretending that knowing will help us abort

I’ll know no war” – The Who

No point in pretending, is there?  

Day 12 of the war in Ukraine and you can tell on the weekend shows that Americans are already losing interest.  Oil tested $130 early this morning and is still at $121 as Biden is threatening to ban Russian Oil (10% of the World’s Oil) and Natural Gas (/NG) has blasted back over $5 for a full 0.50/contract gain since our pick last Monday in the PSW Report (which you will never miss if you subscribe here)., where I said:

Of course we went long on Silver (/SI) again as it tested $24 on Friday – that’s easy money and already at $24.40, which is up $2,000 per contract over the weekend.  We also took a long on Natural Gas (/NG) at $4.56 and that hasn’t moved much yet, so still good for a new trade as it will skyrocket if Putin cuts Europe off. 

Silver is now at $26 and that’s up a whopping $10,550 for the week for our Members at the moment and those Natural Gas contracts are up $5,000 each…

Provided courtesy of Phil’s Stock World.