Should I short or buy the rouble? -
03-01-2022, 11:29 AM
In these turbulent times, I'm in two minds.No doubt when the war ends, the rouble will rocket up as sanctions are lifted. So at some stage I should take a significant rouble position. But when?
My thinking is that the rouble will bottom out in a week, so I've shorted now, and then will buy in at the bottom.
If the war ends before then, I would be in a heap of trouble with that short position. So hopefully Putin keeps it going until my short position is closed.
Phil
58 If thou wilt not observe to do all the words of this law that are written in this book, that thou mayest fear this glorious and fearful name, THE LORD THY GOD; 59 Then the LORD will make thy plagues wonderful, and the plagues of thy seed, even great plagues, and of long continuance, and sore sicknesses, and of long continuance. 60 Moreover he will bring upon thee all the diseases of Egypt, which thou wast afraid of; and they shall cleave unto thee. 61 Also every sickness, and every plague, which is not written in the book of this law, them will the LORD bring k upon thee, until thou be destroyed.
Deuteronomy 28: 58- 61
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