Holy cow: Oil just went below $48 tonight. If it stays that low, DXO will open below $3. I may have to just sell more of my Sprott funds off or try to to borrow some money so I can make another big investment here :)
OPEC is meeting again on Dec.17th, and will likely announce another production cut, but I don't know if that will do anything for the price of oil.
I'm wondering if I just try to play the swings in oil with some money. Just buy DXO on the dips (e.g. around $3.00) and sell it off whenever I'm up 20-50%. This would be a good strategy if it takes a year for the oil price to take off again.
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