This is a call based on me thinking oil is going higher. The RSX nearly mimicks the price of oil to a tee, but with a slightly higher beta. If the thesis is correct, RSX is a much better play than the USO or some oil driller with headline risk.
Here is one thing you should understand about RSX: it is NOT about the price of oil, but about its first derivative, or maybe even about its second derivative. The way it works is this: when the price is stable, all 100% of revenues gets stolen. When… More