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ERUS - ERUS: The Answer To The Bear Is To Buy The Russian Bear
iShares MSCI Russia
Russia is in a much better position to win the oil price war than Saudi Arabia. If and when it does, the dollar price of oil will likely go much higher, but that won't help Saudi Arabia as much as it helps Russia. When markets around the world crashed during the course of the last few weeks, I went long the iShares MSCI Russia Capped ETF (ERUS). I remain long. For those who believe in the long-term gold investment hypothesis, going long Russia now, and specifically, this ETF, makes a lot of sense.