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What to buy to profit from this ban?


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2022 Mar 14, 3:02pm   966 views  10 comments

by FortWayneAsNancyPelosiHaircut   ➕follow (2)   💰tip   ignore  

Kind of a fast deal I suppose. Russia announced the ban on Wheat and Sugar sales, obviously price on those commodities should go up. Any suggestions? Or too late at this point?

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1   Cash   2022 Mar 14, 4:22pm  

Not so much as to what to buy but rather watch for the movers coming this Wednesday and reaction the rest of the week. In this environment traders are watching for the high impact economic indicator news Wed. https://www.forexfactory.com/calendar?day=mar16.2022&source=patrick.net which will be the hottest indicators/Fed guidance published until the week of 3/27.

FortWayneAsNancyPelosiHaircut says
Any suggestions? Or too late at this point?

I don't believe it's to late but do think it maybe a bit early to go all in but not to start buying some positions. Due to USD strength and I do believe the USD is not done and the (DXY) will continue to head higher by a good measure in the short term so you likely have some time to do some deep dive DD and pick some juicy commodity trades/investments.
2   Cash   2022 Mar 14, 4:29pm  

BTW USOIL at this price has high probability of doubling+ so if you get it in this lower range you should easily be able to hold it beyond a short term trade and gain the tax advantages.
3   Eric Holder   2022 Mar 14, 4:40pm  

Vodka, bears, cheap whores. In that order.
4   GNL   2022 Mar 14, 5:06pm  

Get some of these and HODL!!!



5   Onvacation   2022 Mar 14, 5:56pm  

Nickel. Don't spend any of your coins even the copper zinc clad dime and quarter will be worth way more than their face value some day. Currently the metal value of 20 nickels ($1 face) is $1.70

https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-08/card/nickel-market-sent-on-wild-ride-by-russia-concerns-oepHo6J9PSoxNNoOCbZf?source=patrick.net

Nickel prices roughly doubled to unprecedented highs Tuesday, as the war in Ukraine fueled concerns of supply disruptions for the metal, a key component of electric-vehicle batteries.

Not to mention that nickel is a key ingredient in armor and stainless steel.
6   AmericanKulak   2022 Mar 14, 6:39pm  

WineHorror1 says
Get some of these and HODL!!!


That doesn't look like Yams!
7   Patrick   2022 Mar 14, 11:13pm  

Onvacation says
Nickel. Don't spend any of your coins even the copper zinc clad dime and quarter will be worth way more than their face value some day. Currently the metal value of 20 nickels ($1 face) is $1.70


Confirmed:

http://coinapps.com/nickel/us/calculator/?source=patrick.net

But I believe it is illegal to melt US coins for scrap. Maybe Canadian coins...

Anyway, where would you sell them?
8   Onvacation   2022 Mar 15, 4:03pm  

Patrick says

But I believe it is illegal to melt US coins for scrap.

Technically, yes. But they are already in a convenient form for measure and purity. You can't sell them for more than face value, yet.

Pocket change is a long term hold that will always be good for pizza if the metal content spike is never realized.

Kyle Bass bought 20,000,000 nickels in 2011. "I like Nickels".
https://coinweek.com/bullion-report/the-nickel-hoarding-billionaire/?source=patrick.net
9   Onvacation   2022 Mar 15, 4:08pm  

If more and more paper and electronic dollars are created how can the price of everything NOT go up.

My wife had an artist friend (welded metal sculpture) who had enough scrap stainless steel to pay the rent for three months of his live-in studio while his family got rid of all the crap he accumulated.

I pity my wife if she has to go through all my worldly possessions.
10   clambo   2022 Mar 15, 6:21pm  

I think an oil ETF might be an idea

Edit: Raytheon

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