Have completed intense weekend search for oil and gold focused options deals... with the first draft of an scriptlet to facilitate search in my "zone" of focus... Effort though perhaps mooted by early futures with light crude oil up over $125. Some few PM's charts suggest they might wobble to enable entries... but, the dynamic in the market now likely makes "the usual" in reliable indicators of "pause" into spoofs. Will have to play by ear and on the fly... hoping my rhythm will sync well with the preparation enabling anticipation...
I don't like being left behind... and I don't like chasing... so feel a need to change focus, and perhaps revisit lists again only after trading resumes... while looking instead at other areas, where a lack of awareness of inevitability in changes coming... has not yet tweaked the slothful minds from their emotively induced intellectual slumber...
I appear to have under-estimated the "flow" of emotional impacts in oil... so OXY may have legs, yet... and XOM is clearly improving now... and may have OXYdays of its own soon... as may my pet GTE with Brent holding up 6% on the day... already. The market has many oil shares that have been rising nicely enough... that are suddenly starting to see bollies turning vertical. Oil is not done, yet... it seems... and shares left behind by rising too ponderously vs oil's steadying acceleration in its climb are starting to see a need to play catch up... as OXY did. The lowest beta players... suddenly the more likely to exceed... ?
The same rule appears it applies in miners... where the small cast of usual suspects suddenly find their quiet little trades are being taken over by zoombots...
I have ignored, too much, "the failure to plan"... and the likely impacts of the emotive rush into ad hoc piling on now apparent...
The politics set in motion have already generated self righteous zeal far beyond what might have been intended, it seems, with "team players" aplenty advocating "let's all just refuse to buy Russian oil"... a feel good factor clearly not capable of being "balanced"... whether by reason or by markets... in result of which we will have lunacy imposing imbalances... which come with a steep price... likely only the first installment appearing in the market today...
Also in consequence... Eurostocks and Eurobanks in particular... facing some rougher weather... but I have no short lists of inverse 3X Europe issues... although such things must exist ?
I hear that today there are to be margin calls imposed by the Eurobanks addressing the need to backstop the vacuum imposed by the evaporation of "value" in Russian assets...
And, a "Lehman moment" may result...
FWIW, I agree with your Tungsten focus... have tracked it for years in anticipation... have visited more than a few deposits over the years. But, still... the play I most prefer for "rocks" is being ponderously obstructed by a lack of competence... so work to do there, still, in enabling "faster" alternatives... or, at least, have little reason to want to attend the slime trail of a slug, for now... as hares abound.
Unintended consequences... clearly still not an issue the market properly perceives... and, minerals I have long held in focus appear they still elude others awareness of their existence, much less as being both extant and relevant... although I suspect SBSW's slightly early charge up the chart might be one properly anticipatory instance of awareness... and one that might yet prove to have legs... |
